# Atas Nama Rupiah, BI Kayaknya Ogah Turunkan Bunga

> A CNBC Indonesia preview expected Bank Indonesia to keep its 7-day reverse repo rate at 3.75% at its January 21, 2021 meeting. The rupiah had started 2021 weakly, and the central bank was seen as prioritising currency stability over rate cuts. Indonesia needs more foreign capital inflows to support the currency.

- Date: 2021-01-20 · published 2021-01-20T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/49449-atas-nama-rupiah-bi-kayaknya-ogah-turunkan-bunga
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Holding rates to support the rupiah keeps Indonesian import costs for dollar-priced feed ingredients elevated. This has little direct effect on global commodity prices.

## Sources

- cnbcindonesia.com: https://www.cnbcindonesia.com/research/20210120111614-128-217360/atas-nama-rupiah-bi-kayaknya-ogah-turunkan-bunga

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