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Bank Indonesia held its 7-day reverse repo rate at 5 percent after four consecutive cuts and lowered the reserve requirement ratio to add liquidity. The central bank said it would keep policy accommodative to support growth while maintaining inflation and external stability.
An accommodative policy stance and added liquidity can weaken the rupiah over time, raising the local currency cost of imported feed ingredients for Indonesian buyers.
tradingeconomics.comBank Indonesia, Chusnul Ch MananNov 21, 2019Not 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.
