# World Bank advises Indonesia to keep monetary policy accommodative, FX rate flexible - Markets - Business Recorder

> The World Bank urged Indonesia to keep monetary policy accommodative and allow exchange-rate flexibility, citing rising US yields as a headwind. The report followed the Fed's signal that it would begin closing the door on pandemic-era policy. The rupiah fell as much as 0.94% intraday.

- Date: 2021-06-17 · published 2021-06-17T12:00:00.000Z
- Category: report · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/46898-world-bank-advises-indonesia-to-keep-monetary-policy-accommodative-fx-rate
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Expectations of a steady Indonesian rate stance paired with a weaker rupiah tend to raise dollar-denominated feed import costs.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40100829

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