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Bank Indonesia held its seven-day reverse repo rate at 4.75% for a sixth straight month, as forecast by all 24 economists polled by Bloomberg. The central bank said it remains neutral and ready to raise rates if conditions warrant, citing volatile food prices and capital outflow risks from Fed tightening.
A steady policy rate with a hawkish tilt supports the rupiah, keeping Indonesian feed import costs stable, though possible future hikes could slow livestock and poultry demand growth.
straitstimes.comApr 28, 2017Not 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.
