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The rupiah closed slightly weaker at Rp15,104 per US dollar on January 19, 2023, after Bank Indonesia raised its 7-day reverse repo rate by 25 bps to 5.75%. The move matched market expectations and brings the cumulative increase since August 2022 to 225 bps.
Higher Indonesian rates support the rupiah and can slow domestic demand, though the currency effect on feed importers is modest; the story mainly signals tighter Indonesian monetary conditions.
antaranews.comMartha Herlinawati SimanjuntakJan 19, 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.
