# Indonesia bulls cheer better-late-than-never rate hike

> Bank Indonesia raised its policy rate in late August, less than a week after Governor Perry Warjiyo signaled the move. The rupiah rose and sat about 1.2% above its July lows, outperforming regional peers.

- Date: 2022-08-24 · published 2022-08-24T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/40334-indonesia-bulls-cheer-better-late-than-never-rate-hike
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A stronger rupiah and tighter Indonesian policy lower the local cost of importing feed ingredients, while the currency's resilience limits pressure on Indonesian crush and palm-related feed margins.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/business/finance/indonesia-bulls-cheer-better-late-than-never-rate-hike-2022-08-24/?taid=63060bbd2e6d090001635835

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