# Indonesia c.bank holds rates, favours QE to support coronavirus-hit economy | Reuters

> Bank Indonesia held its policy rate and said monetary policy would stay accommodative, focusing on the quantitative channel to support the coronavirus-hit economy. The central bank expects government spending and a rebound in exports to help growth in the near term.

- Date: 2020-10-13 · published 2020-10-13T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/50937-indonesia-c-bank-holds-rates-favours-qe-to-support-coronavirus-hit-economy
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Continued liquidity support and a steady policy rate tend to weigh on the rupiah, which lifts USD/IDR and raises the local cost of imported feed ingredients such as soybean meal and corn.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/world/asia-pacific/indonesia-cbank-holds-rates-favours-qe-support-coronavirus-hit-economy-2020-10-13/

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