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Chatib Basri, former Indonesian finance minister, said the rupiah's recent slide to around Rp 13,500 per dollar reflects markets pricing in an expected Federal Reserve rate increase. He warned of possible further capital outflows if US rates keep rising, possibly by 50 basis points next year.
Expected US rate hikes and capital outflows keep Indonesian import costs elevated for feed ingredients. Continued rupiah weakness would raise domestic prices for imported meal and grain.
cnnindonesia.comSafyra PrimadhytaNov 30, 2016Not 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.
