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DBS Bank expected Bank Indonesia to keep its policy rate steady the week of June 12, 2017, despite a slightly disappointing Q1 GDP reading. Official reserve assets reached a record $125 billion as of May, suggesting the central bank has been intervening to limit rupiah strength.
DBS said a rate hike later in 2017 could be needed if the Fed proceeds with normalization.
Reserve accumulation and a possible future rate hike point to a managed rupiah, which affects the cost of imported feed ingredients for Indonesian buyers.
econotimes.comFxWirePro TeamJun 12, 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.
