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Bank Indonesia kept its 7-day reverse repo rate at 4.75% on March 17, as expected by most economists. The central bank said the Middle East war removes the case for rate cuts and that it will tighten some currency transaction rules to support the rupiah.
Holding rates to defend the currency signals tighter financial conditions in Indonesia, which can limit demand growth and keep import costs for feed elevated.
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.