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Bank Indonesia kept its 7-day reverse repo rate at 4.75% and its deposit and lending facility rates at 4.00% and 5.50%, as widely expected. The central bank said the current level supports macroeconomic and financial stability, and it noted that the rupiah has strengthened on a nominal effective basis.
Holding rates steady keeps domestic financing costs unchanged for Indonesian feed and livestock producers, with no direct price impact on feed commodities.
econotimes.comFxWirePro TeamApr 20, 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.
