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Bank Indonesia's 25-basis-point rate cut to 4.5% came after second-quarter growth of 5%, below expectations, with weak private consumption. Credit growth is subdued and fiscal concerns are rising as the deficit approaches its 3% of GDP legal ceiling.
Weak domestic demand and tighter fiscal conditions point to slower Indonesian livestock and feed demand over the coming quarters. Currency pressure from easier policy could raise imported feed costs.
asiatimes.comGary KleimanAug 24, 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.
