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Bank Indonesia raised its seven-day reverse repo rate by 25 basis points to 4.50% on May 17, its first increase in nearly four years. The move aimed to bolster the weakening rupiah and limit inflation.
The first rate hike in nearly four years tightens financial conditions in Indonesia, which can slow credit-driven livestock and poultry growth and trim feed demand.
wsj.comI Made SentanaMay 17, 2018Not 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.
