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Bank Indonesia raised its policy rate by 50 basis points, the second consecutive 50-bp increase, to counter accelerating inflation and capital outflows. The rupiah held near its lowest level in 2.5 years while Indonesian bond yields rose.
Higher domestic rates aim to support the rupiah, but a weak currency still raises the cost of imported feed inputs for Indonesian producers.
financialpost.comReutersOct 20, 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.
