# Bank Indonesia to hold rates at 6.25% on July 17, wait for U.S. Fed to cut | Reuters

> Bank Indonesia is expected to hold its key rate at 6.25% on July 17 and then cut by 25 basis points the following quarter, earlier than previously expected. The rupiah has weakened about 4.5% this year, which has kept rates higher for longer.

- Date: 2024-07-15 · published 2024-07-15T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/29614-bank-indonesia-to-hold-rates-at-6-25-on-july-17-wait-for-u-s-fed-to-cut-reuters
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Expected rate cuts could ease pressure on the rupiah over time, lowering the cost of Indonesian feed imports, with limited effect on global feed prices.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/asia/bank-indonesia-hold-rates-625-july-17-wait-us-fed-cut-2024-07-15/

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