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Bank Indonesia raised its benchmark rate by 50 basis points to counter inflation risks. Before the announcement, the rupiah traded near 15,040 per dollar.
Higher domestic rates support the rupiah and slow the pass-through of inflation, but they also raise borrowing costs for feed mills and livestock producers.
reuters.comGayatri SuroyoSep 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.
