# Indonesia gains ‘second line of defence’ from $60 billion Fed repo - Central Banking

> Bank Indonesia reached a $60 billion repo agreement with the US Federal Reserve to ease dollar funding pressure and support the rupiah. The Indonesian government also issued dollar bonds, including a 50-year tenor security.

- Date: 2020-04-09 · published 2020-04-09T12:00:00.000Z
- Category: macro · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/53944-indonesia-gains-second-line-of-defence-from-60-billion-fed-repo-central-banking
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

The Fed repo line eases dollar liquidity stress, which reduces pressure on the rupiah and lowers the local cost of dollar-priced imports such as feed ingredients. It is a backstop rather than a supply change, so it has a moderate effect on feed prices.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- centralbanking.com: https://www.centralbanking.com/central-banks/financial-stability/7523681/indonesia-gains-second-line-of-defence-from-60-billion-fed-repo

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