# BCA - Keeping it cool amidst the heating debt-ceiling debacle

> The rupiah held its strength despite a general decline in commodity prices in the prior week, supported by strong demand for Indonesian government bonds. The analysis argues the US debt ceiling should have a neutral impact on distant markets such as Indonesia. It also warns the rupiah may be near its strength limit given sticky US inflation and seasonal external payment demand.

- Date: 2023-05-08 · published 2023-05-08T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/36272-bca-keeping-it-cool-amidst-the-heating-debt-ceiling-debacle
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Currency stability helps keep Indonesian feed import costs predictable, but a reversal from current levels would raise the cost of dollar-priced ingredients.

## Sources

- bca.co.id: https://www.bca.co.id/id/tentang-bca/media-riset/news-and-features/berita-bca/2023/05/09/03/08/keeping-it-cool-amidst-the-heating-debt-ceiling-debacle

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