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IMF Managing Director Christine Lagarde urged Indonesian policymakers to stay alert to financial stability risks from the Federal Reserve's plan to normalize rates. She cited the volatility of projected capital outflows.
Bank Indonesia Governor Agus Martowardojo said rupiah fluctuations would continue until about the third week of March and that the central bank would not let the currency weaken too far.
Expected rupiah volatility through the March Fed meeting makes imported feed costs harder to hedge for Indonesian buyers. Central bank intervention limits the downside but does not remove the pressure.
en.tempo.coFeb 28, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
