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Bank Indonesia's acceleration of rupiah reserve requirement increases helped the rupiah strengthen to 14,522 per dollar on May 30, 2022. The central bank will raise conventional bank reserve requirements to 6% from June 1, 7.5% from July 1 and 9% from September 1.
A stronger rupiah eases import costs for Indonesian feed buyers, a mild bearish influence on dollar-priced feed ingredients.
antaranews.comCitro AtmokoMay 30, 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.
