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Bank Indonesia raised its policy rate by a larger-than-expected 50 basis points at its May 20 review. The move aims to support the rupiah, which has fallen to a series of record lows.
The central bank maintained its inflation and growth outlooks.
Higher Indonesian rates and a weaker rupiah raise the local cost of imported feed inputs and can squeeze poultry and livestock margins. Stabilising the rupiah would ease pressure on Indonesian feed import costs.
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.