# USD/IDR: Rupiah holds near weekly lows on Bank Indonesia's expected rate cut - Forex Crunch

> Bank Indonesia cut its 7-day reverse repo rate by 25 basis points to 5.25% on September 19, as widely expected. The central bank cited a global slowdown and said it expected the rupiah to remain stable on capital inflow prospects.

- Date: 2019-09-19 · published 2019-09-19T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/57393-usd-idr-rupiah-holds-near-weekly-lows-on-bank-indonesia-s-expected-rate-cut
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Lower Indonesian rates tend to reduce the currency's yield appeal, which can weigh on the rupiah and modestly raise imported feed costs.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2019/09/19/usd-idr-rupiah-holds-near-weekly-lows-on-bank-indonesias-expected-rate-cut/

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