# Bank Indonesia Holds Interest Rates, Cuts RRR

> Bank Indonesia held its 7-day reverse repo rate at 5 percent after four consecutive cuts and lowered the reserve requirement ratio to add liquidity. The central bank said it would keep policy accommodative to support growth while maintaining inflation and external stability.

- Date: 2019-11-21 · published 2019-11-21T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/56389-bank-indonesia-holds-interest-rates-cuts-rrr
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

An accommodative policy stance and added liquidity can weaken the rupiah over time, raising the local currency cost of imported feed ingredients for Indonesian buyers.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- tradingeconomics.com: https://tradingeconomics.com/articles/11212019085835.htm

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