# USD/IDR Price News: Rupiah holds above 14,500 after Bank Indonesia’s inaction — Octa

> Bank Indonesia left its 7-day reverse repo rate unchanged at 3.50% and revised its 2021 GDP growth forecast to 4.1% to 5.1%. The governor said exports and fiscal stimulus are supporting the recovery while domestic consumption remains limited.

- Date: 2021-04-20 · published 2021-04-20T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/47915-usd-idr-price-news-rupiah-holds-above-14-500-after-bank-indonesia-s-inaction
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A steady policy rate and firmer growth outlook give the rupiah some support, which moderates import cost pressure for feed buyers. Exports are also a source of demand for Indonesian commodities.

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/895823/

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