# Indonesia Central Bank Holds Rates, Keeps Focus on Rupiah

> Bank Indonesia held its seven-day reverse repo rate at 5.75% for an eighth straight month, prioritizing rupiah stability. The rupiah hit its weakest level in six months amid rising US Treasury yields, and the central bank expects the Fed to raise rates in November.

- Date: 2023-09-21 · published 2023-09-21T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/34428-indonesia-central-bank-holds-rates-keeps-focus-on-rupiah
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Holding rates while the rupiah weakens keeps Indonesian import costs for feed ingredients elevated, as currency pressure persists.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- english.kontan.co.id: https://english.kontan.co.id/news/indonesia-central-bank-holds-rates-keeps-focus-on-rupiah

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