# Bank Indonesia Stays on Hold, Says Rate Moves Still a Year Away | Financial Post

> Bank Indonesia kept its seven-day reverse repo rate at a record-low 3.5% and extended measures to support domestic demand. Governor Perry Warjiyo said rate moves are unlikely until the fourth quarter of 2022.

- Date: 2021-10-19 · published 2021-10-19T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/44859-bank-indonesia-stays-on-hold-says-rate-moves-still-a-year-away-financial-post
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Low rates and loose liquidity support Indonesian demand and the rupiah, with limited direct effect on feed commodity prices.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/bank-indonesia-stays-on-hold-says-rate-moves-still-a-year-away

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