# Indonesia: Bank Indonesia Will Need To Match Fed Rate Hikes To Help Maintain Indonesian Rupiah (IDR) Stability| FXMAG.COM

> Bank Indonesia raised its policy rate by 25 basis points to 5.5%, a smaller move than earlier hikes as inflation pressures eased. The central bank signaled further tightening in early 2023 to match Fed hikes.

- Date: 2022-12-22 · published 2022-12-22T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/38524-indonesia-bank-indonesia-will-need-to-match-fed-rate-hikes-to-help-maintain
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Higher Indonesian rates support the rupiah and reflect a stronger dollar environment, which can modestly weigh on dollar-denominated commodity demand from Indonesia.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- fxmag.com: https://fxmag.com/forex/indonesia-bank-indonesia-will-need-to-match-fed-rate-hikes-to-help-maintain-indonesian-rupiah-idr-stability

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