# Indonesia's central bank front runs Fed with surprise rate cut

> Bank Indonesia unexpectedly cut its benchmark rate by 25 basis points ahead of the Federal Reserve's policy meeting. The rupiah had been under pressure earlier in the year but has since recovered to trade slightly firmer than the end of last year against the dollar.

- Date: 2024-09-18 · published 2024-09-18T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/28625-indonesia-s-central-bank-front-runs-fed-with-surprise-rate-cut
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A central bank rate cut ahead of the Fed signals policy easing in Indonesia, which can weigh on the rupiah over time and raise feed import costs. The move has limited direct effect on feed commodity prices.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/rates-bonds/indonesias-central-bank-front-runs-fed-with-surprise-25-bp-rate-cut-2024-09-18/

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