# Indonesia central bank keeps rates steady, focuses on stabilizing the  rupiah | Reuters

> Bank Indonesia kept its policy rate unchanged and said it still sees room for rate cuts in the fourth quarter. The central bank is focused on supporting further rupiah strength against the dollar, which has gained about 5% this month on expectations of Federal Reserve cuts.

- Date: 2024-08-21 · published 2024-08-21T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/29121-indonesia-central-bank-keeps-rates-steady-focuses-on-stabilizing-the-rupiah
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger rupiah lowers the local cost of imported feed ingredients, while a weaker US dollar tends to support dollar-priced commodities. The decision is a currency story with a limited direct effect on feed prices.

## Read by commodity

- DXY: bearish ▼
- USDIDR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-01-01 | [Sterling keeps rising after the Bank of England raised the bar on rate cuts](https://feedsoft.ai/events/21759-sterling-keeps-rising-after-the-bank-of-england-raised-the-bar-on-rate-cuts.md) | +0.3% | -1.5% |
| DXY | 2018-11-08 | [Asia week ahead: Relief for Asia’s busiest central banks \| articles \| ING THINK](https://feedsoft.ai/events/62279-asia-week-ahead-relief-for-asia-s-busiest-central-banks-articles-ing-think.md) | +1.0% | +1.2% |
| DXY | 2020-07-29 | [Sterling rises as Fed keeps lid on US rates](https://feedsoft.ai/events/52364-sterling-rises-as-fed-keeps-lid-on-us-rates.md) | +0.4% | -0.4% |
| DXY | 2023-03-13 | [South Korean central bank eyeing jump in the won says will stabilize markets if necessary](https://feedsoft.ai/events/37108-south-korean-central-bank-eyeing-jump-in-the-won-says-will-stabilize-markets-if.md) | +0.3% | -1.6% |
| DXY | 2022-12-01 | [Indonesian rupiah soars as inflation print points to hawkish cenbank stance \| Financial Post](https://feedsoft.ai/events/38522-indonesian-rupiah-soars-as-inflation-print-points-to-hawkish-cenbank-stance.md) | -0.6% | -1.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/asia/indonesia-central-bank-keeps-rates-steady-focuses-stabilizing-rupiah-2024-08-21/

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