# USD/IDR Price News: Indonesian rupiah eyes Bank Indonesia rate decision for fresh moves — Octa

> The rupiah traded near 14,140 per dollar on June 18 and was awaiting Bank Indonesia's rate decision, with a 25 basis point cut widely expected. Traders also cited a rise in COVID-19 cases in parts of the United States, slower-than-hoped vaccine news, and US-China tensions. The Indonesian government and the Asian Development Bank had both cut their growth forecasts.

- Date: 2020-06-18 · published 2020-06-18T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/52935-usd-idr-price-news-indonesian-rupiah-eyes-bank-indonesia-rate-decision-for
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Expected rate cuts and risk-off sentiment can weaken the rupiah and increase the cost of imported feed inputs for Indonesian buyers. The direct effect on global commodity prices is small.

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/829708/

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