# Indonesia central bank leaves rates on hold as it focuses on FX stability | Reuters

> Bank Indonesia kept its benchmark rate at 6% on November 20, 2024, after a surprise cut in September. Governor Perry Warjiyo said policy will focus on strengthening rupiah stability amid geopolitical uncertainty and US political developments.

- Date: 2024-11-20 · published 2024-11-20T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/27727-indonesia-central-bank-leaves-rates-on-hold-as-it-focuses-on-fx-stability
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A policy hold with a stability focus reduces the chance of near-term easing, which keeps the rupiah under pressure against the dollar. Feed buyers importing into Indonesia may face somewhat higher local-currency costs for imported ingredients.

## Sources

- reuters.com: https://www.reuters.com/markets/rates-bonds/indonesia-central-bank-holds-rates-steady-expected-2024-11-20/

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