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Bank Indonesia unexpectedly announced three reserve requirement ratio hikes, starting with 150 basis points in March and 100 basis points from June. The move aims to steady the rupiah ahead of expected US Federal Reserve tightening.
Tighter rupiah liquidity and a firmer currency can reduce import costs for Indonesian feed buyers, but the tightening signals concern about capital outflows. The effect on feed commodity prices is indirect and modest.
reuters.comGayatri Suroyo, Fransiska NangoyJan 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.
