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The rupiah weakened slightly to around 14,080 per dollar after Bank Indonesia held its 7-day reverse repo rate. BI had raised rates 175 basis points from 4.25% to 6% since May 2018, and bank lending rates had not risen significantly in response.
Bank Indonesia's policy hold keeps domestic rate support in place for the rupiah, which affects the cost of dollar-priced feed imports.
liputan6.comArthur GideonFeb 22, 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.
