
President Prabowo Subianto called a limited cabinet meeting at the Presidential Palace on Monday November 2, attended by the Finance Minister, the Investment Minister and the Bank Indonesia Governor. Officials gave few details on the agenda, which was described as a routine economic sector review.
The meeting took place as the rupiah approached 18,200 per dollar.
Government moves to stabilise the rupiah could influence the currency's direction, which affects the cost of imported feed inputs in Indonesia. The meeting itself has no confirmed policy outcome, so the price impact is limited for now.
Not 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.