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Bank Indonesia raised its policy rate by 25 basis points to 5.5%, a smaller move than earlier hikes as inflation pressures eased. The central bank signaled further tightening in early 2023 to match Fed hikes.
Higher Indonesian rates support the rupiah and reflect a stronger dollar environment, which can modestly weigh on dollar-denominated commodity demand from Indonesia.
fxmag.comING EconomicsDec 22, 2022Not 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.
