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Bank Indonesia's board held the BI 7-Day Reverse Repo Rate at 3.50% on August 18-19, 2021, keeping the deposit facility at 2.75% and the lending facility at 4.25%. The bank cited low projected inflation and the need to support economic recovery while maintaining rupiah stability.
A steady, accommodative policy supports domestic credit and demand for animal protein and feed in Indonesia. It has little direct effect on global feed commodity prices.
bi.go.idBank IndonesiaAug 19, 2021Not 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.
