# Indonesia c.bank: should be room to cut rates, awaiting stronger rupiah | Reuters

> Indonesia's central bank said there is room to cut interest rates but that it will wait for a stronger rupiah, warning that cutting too soon could weaken the currency and push up inflation. The governor attributed the global imbalance to economic fragmentation.

- Date: 2024-02-03 · published 2024-02-03T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/31987-indonesia-c-bank-should-be-room-to-cut-rates-awaiting-stronger-rupiah-reuters
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Delayed rate cuts keep Indonesian borrowing costs high and the rupiah under pressure, which affects the cost of imported feed ingredients and the outlook for domestic feed demand.

## Read by commodity

- USDIDR: neutral

## Sources

- reuters.com: https://www.reuters.com/markets/asia/indonesia-cbank-should-be-room-cut-rates-awaiting-stronger-rupiah-2024-02-03/

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