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Bank Indonesia kept its benchmark rate at 6% on November 20, 2024, after a surprise cut in September. Governor Perry Warjiyo said policy will focus on strengthening rupiah stability amid geopolitical uncertainty and US political developments.
A policy hold with a stability focus reduces the chance of near-term easing, which keeps the rupiah under pressure against the dollar. Feed buyers importing into Indonesia may face somewhat higher local-currency costs for imported ingredients.
reuters.comNov 20, 2024Not 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.
