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Bank Indonesia unexpectedly cut its benchmark rate by 25 basis points to 4.5%, while most economists had expected no change. The central bank cited an improving inflation outlook and a rupiah it considers manageable, with the Fed expected to deliver only one more hike this year.
Lower rates can add pressure on the rupiah and raise import costs for Indonesian feed and meal buyers. The move signals the central bank sees room to support growth without destabilising the currency.
businesstimes.com.sgAug 22, 2017Not 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.
