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Bank Indonesia said the rupiah's recent weakness came from global pressure, including falling stock and bond prices in international markets. Investors expected faster US rate increases after strong US economic data and a US budget deficit increase.
The central bank said the currency move was a market response to global conditions rather than domestic factors.
Global-driven rupiah weakness raises the local cost of dollar-priced feed imports even without domestic problems. The central bank's framing suggests limited policy response, so import costs may stay elevated.
investasi.kontan.co.idGalvan YudistiraFeb 21, 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.
