# Fed hike raises pressure on Bank Indonesia: Economists - Economy - The Jakarta Post

> Indonesian economists called on Bank Indonesia to raise its benchmark rate after the Fed's 75-basis-point hike on July 27, 2022, to protect the rupiah. They differ on how large the increase should be, while BI has held its rate at 3.5%.

- Date: 2022-07-28 · published 2022-07-28T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/40796-fed-hike-raises-pressure-on-bank-indonesia-economists-economy-the-jakarta-post
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Expected BI tightening and pressure on the rupiah raise Indonesian borrowing costs and import costs for feed ingredients, a modest bearish factor for local feed demand.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- thejakartapost.com: https://www.thejakartapost.com/business/2022/07/28/fed-hike-raises-pressure-on-bank-indonesia-economists

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