# Rupiah Terus Tertekan Seiring Kenaikan Suku Bunga Acuan BI

> The rupiah closed weaker at Rp15,663 per dollar on 17 November after Bank Indonesia raised its benchmark rate 50 basis points to 5.25%. Analysts said domestic concerns about slowing economic activity, reflected in slower-than-expected import growth, outweighed the rate hike. The central bank described the move as a front-loaded step to lower inflation expectations.

- Date: 2022-11-17 · published 2022-11-17T12:00:00.000Z
- Category: macro · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/38987-rupiah-terus-tertekan-seiring-kenaikan-suku-bunga-acuan-bi
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A weaker rupiah raises the cost of imported feed ingredients for Indonesian buyers, while higher rates may slow domestic livestock and feed demand. The net effect is higher landed costs and softer local demand.

## Read by commodity

- USDIDR: neutral

## Sources

- investor.id: https://investor.id/market-and-corporate/313340/rupiah-terus-tertekan-seiring-kenaikan-suku-bunga-acuan-bi

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