# Indonesia c.bank raises rates by 50 bps to head off inflation risks

> Bank Indonesia raised its benchmark rate by 50 basis points to counter inflation risks. Before the announcement, the rupiah traded near 15,040 per dollar.

- Date: 2022-09-22 · published 2022-09-22T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/39905-indonesia-c-bank-raises-rates-by-50-bps-to-head-off-inflation-risks
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Higher domestic rates support the rupiah and slow the pass-through of inflation, but they also raise borrowing costs for feed mills and livestock producers.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/asia/indonesia-cbank-raises-rates-by-50-bps-head-off-inflation-risks-2022-09-22/

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