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Bank Indonesia held its policy rates to keep the rupiah stable. The rupiah hit a record low earlier in April amid capital outflows after the US announced reciprocal tariffs, and has partly recovered since Trump announced a 90-day tariff pause.
A weaker rupiah raises Indonesia's import costs for feed and feed ingredients and can pressure local buyers, while rate holds signal the central bank's priority on currency stability over growth.
reuters.comGayatri Suroyo, Stefanno SulaimanApr 23, 2025Not 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.
