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Bank Indonesia held its policy rate at 3.5% and announced faster reserve requirement ratio hikes, requiring banks to hold 7.5% of reserves from July and 9% from September. The move comes as the central bank signals confidence in fiscal measures to contain inflation.
Tighter liquidity and a dovish rate pause may pressure the rupiah, raising import costs for feed ingredients priced in dollars.
reuters.comGayatri SuroyoMay 24, 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.
