# Indonesian central bank holds rates steady, rupiah hits fresh four-month low

> The rupiah fell to a four-month low of 16,120 per dollar on Wednesday, December 18, as the strong dollar kept pressure on the currency since October. Bank Indonesia then held its policy rate steady and the rupiah pared losses to trade near 16,085.

- Date: 2024-12-18 · published 2024-12-18T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/27289-indonesian-central-bank-holds-rates-steady-rupiah-hits-fresh-four-month-low
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A weaker rupiah makes Indonesian commodity exports cheaper in dollar terms, which can add modest pressure on Indonesian palm oil and other export prices, though the effect is limited.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/asia/indonesian-central-bank-holds-rates-steady-rupiah-hits-fresh-four-month-low-2024-12-18/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.