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A Reuters poll found Bank Indonesia is expected to hold rates on April 23 because currency concerns outweigh growth risks. The rupiah is down more than 4% this year, pressured by President Prabowo's fiscal plans and the 32% US tariff on Indonesian goods, now paused for 90 days.
Expectations of a rate hold keep the central bank focused on defending the rupiah, which determines the local cost of dollar-priced feed imports.
reuters.comRahul TrivediApr 21, 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.
