# Indonesia c.bank sees room for Q4 rate cut if rupiah stabilises | Reuters

> Bank Indonesia Governor Perry Warjiyo said the rupiah is stabilising and should strengthen later in 2024 as the US Federal Reserve is expected to cut rates. BI expects the rupiah to average 15,700 to 16,100 per dollar this year, versus about 16,250 at the time.

- Date: 2024-07-08 · published 2024-07-08T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/29611-indonesia-c-bank-sees-room-for-q4-rate-cut-if-rupiah-stabilises-reuters
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Expected currency stabilisation lowers Indonesian import costs for feed ingredients, but the effect on global feed prices is small.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/asia/indonesia-cbank-sees-room-q4-rate-cut-if-rupiah-stablises-2024-07-08/

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