# Indonesia's c.bank keeps rates at record lows, prepares for U.S. tapering | Reuters

> Bank Indonesia kept its policy rate at a record low on August 19, 2021, to support the economy, while the rupiah had been weakening for two weeks on talk of US tapering. The central bank then intervened slightly, and the rupiah gained modestly after the announcement.

- Date: 2021-08-19 · published 2021-08-19T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/45865-indonesia-s-c-bank-keeps-rates-at-record-lows-prepares-for-u-s-tapering-reuters
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Holding rates low supports domestic demand for feed and livestock products, but the rupiah's weakness on US tapering talk raises import costs for feed ingredients. The overall price effect on feed is modest.

## Read by commodity

- USDIDR: neutral

## Sources

- reuters.com: https://www.reuters.com/business/finance/indonesias-cbank-keeps-rates-record-low-support-recovery-2021-08-19/

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