# MACROECONOMIC ANALYSIS SERIES: BI Board of Governor Meeting, March 2020 - Institute for Research on Economics and Society - Faculty of Economics and Business - University of Indonesia

> An analysis from the University of Indonesia's LPEM describes the Bank Indonesia March 2020 policy meeting and the market turmoil behind it. Indonesia's portfolio outflows reached USD 8.1 billion after COVID-19 spread, and the rupiah weakened to around 15,200 per dollar. Bank Indonesia has responded with forex and DNDF injections, lower FX reserve requirements and rate cuts.

- Date: 2020-03-19 · published 2020-03-19T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/54439-macroeconomic-analysis-series-bi-board-of-governor-meeting-march-2020-institute
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Capital flight and the resulting rupiah weakness raise the cost of dollar-denominated feed imports for Indonesian buyers. Intervention that supplies dollars may ease but not eliminate that cost pressure.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- en.lpem.org: https://en.lpem.org/macroeconomic-analysis-series-bi-board-of-governor-meeting-march-2020/

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