# USD/IDR: Rupiah bounces off weekly lows on Bank Indonesia’s rate cut decision — Octa

> Bank Indonesia cut its 7-day reverse repo rate by 25 basis points to 3.50% at its February meeting and revised 2021 GDP growth to 4.3% to 5.3%. The bank said the rupiah is fundamentally undervalued and has room to strengthen.

- Date: 2021-02-18 · published 2021-02-18T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/48960-usd-idr-rupiah-bounces-off-weekly-lows-on-bank-indonesia-s-rate-cut-decision
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Lower Indonesian rates and a weaker growth outlook may modestly reduce domestic demand for livestock feed, but the effect on global feed commodity prices is limited.

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/883458/

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