# Bank Indonesia Holds Key Rate, Cuts Outlook With Rupiah Pressure - Bloomberg

> Bank Indonesia kept its benchmark rate unchanged and cut its 2021 growth outlook as renewed mobility curbs weigh on consumption. Foreign outflows are adding pressure on the rupiah.

- Date: 2021-04-20 · published 2021-04-20T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/47910-bank-indonesia-holds-key-rate-cuts-outlook-with-rupiah-pressure-bloomberg
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A weaker rupiah raises the local cost of imported feed ingredients and soymeal, which can squeeze Indonesian feed margins. Slower growth also trims demand for feed and livestock products.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2021-04-20/bank-indonesia-holds-key-rate-steady-to-avert-rupiah-s-freefall

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