# USD/IDR pares gains below $15,400 on Bank Indonesia’s status-quo — Octa

> Bank Indonesia held its benchmark rate at 5.75% at its March policy meeting. The central bank cited easing global growth risks, US bank failures and its aim of maintaining rupiah stability.

- Date: 2023-03-16 · published 2023-03-16T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/37202-usd-idr-pares-gains-below-15-400-on-bank-indonesia-s-status-quo-octa
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A steady policy rate and a stated focus on rupiah stability limit near-term currency volatility for Indonesian importers of feed ingredients. The impact on commodity prices is minimal.

## Read by commodity

- USDIDR: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1030062/

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