# USD/IDR Price News: Indonesian rupiah bounces-off two-month low on BI’s expected rate cut — Octa

> Bank Indonesia cut its 7-day reverse repo rate by 25 basis points to 4.00% on July 16, in line with expectations, marking the fourth cut this year. The rupiah bounced off a two-month low after the decision, and the central bank expects the economy to contract further in the second quarter.

- Date: 2020-07-16 · published 2020-07-16T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/52419-usd-idr-price-news-indonesian-rupiah-bounces-off-two-month-low-on-bi-s-expected
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Lower Indonesian interest rates can weaken the rupiah and raise the local cost of imported feed, though the effect on global feed prices is limited.

## Read by commodity

- USDIDR: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/836289/

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