# Indonesian rupiah holds steady after cenbank raises rates as expected | Financial Post

> Bank Indonesia raised its policy rate by 50 basis points, the second consecutive 50-bp increase, to counter accelerating inflation and capital outflows. The rupiah held near its lowest level in 2.5 years while Indonesian bond yields rose.

- Date: 2022-10-20 · published 2022-10-20T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/39434-indonesian-rupiah-holds-steady-after-cenbank-raises-rates-as-expected-financial
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Higher domestic rates aim to support the rupiah, but a weak currency still raises the cost of imported feed inputs for Indonesian producers.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/indonesian-rupiah-holds-steady-after-cenbank-raises-rates-as-expected

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