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Bank Indonesia held its benchmark rate at 5.75% at its March policy meeting. The central bank cited easing global growth risks, US bank failures and its aim of maintaining rupiah stability.
A steady policy rate and a stated focus on rupiah stability limit near-term currency volatility for Indonesian importers of feed ingredients. The impact on commodity prices is minimal.
octaafrica.netMar 16, 2023Not 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.
