# Rupiah hurt by rate cut, bond outflows on dour economic outlook | Financial Post

> Bank Indonesia cut its benchmark rate by 25 basis points and lowered its 2021 growth forecast on February 18. The rupiah fell 0.4% to a three-week low on the next day as rising US yields drove bond outflows.

- Date: 2021-02-19 · published 2021-02-19T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/48955-rupiah-hurt-by-rate-cut-bond-outflows-on-dour-economic-outlook-financial-post
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Rupiah weakness from rising US yields reflects capital outflows from emerging markets and has little direct effect on feed grain or meal prices.

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/rupiah-hurt-by-rate-cut-bond-outflows-on-dour-economic-outlook

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