# Bank Indonesia's Warjiyo: Central bank's stance is now "pro-growth" from pro-stability - IDR at weekly lows - Forex Crunch

> Bank Indonesia Governor Perry Warjiyo said the central bank's policy stance has shifted to pro-growth from pro-stability. The bank cut its key rate by 25 bps to 5.50% last Thursday, its second straight monthly cut. USD/IDR hit weekly highs near 14,277.50 as the rupiah tracked the yuan lower amid the US-China trade escalation.

- Date: 2019-08-26 · published 2019-08-26T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/57897-bank-indonesia-s-warjiyo-central-bank-s-stance-is-now-pro-growth-from-pro
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Rate cuts and a weaker rupiah raise the local cost of imported feed ingredients such as soymeal and corn. The currency pressure linked to the trade war also affects Indonesian feed costs.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-03-05 | [Indonesia central bank says ready for market intervention to stabilise rupiah - Markets - Business Recorder](https://feedsoft.ai/events/48411-indonesia-central-bank-says-ready-for-market-intervention-to-stabilise-rupiah.md) | +0.2% | +0.9% |
| DXY | 2022-09-26 | [Indonesia central bank remains in foreign-exchange market to prevent excessive rupiah fall, official says](https://feedsoft.ai/events/39901-indonesia-central-bank-remains-in-foreign-exchange-market-to-prevent-excessive.md) | +0.2% | +0.6% |
| DXY | 2020-08-27 | [Mexican Peso Price Analysis: USD/MXN rebounds sharply from two-month lows, outlook turns bullish - Forex Crunch](https://feedsoft.ai/events/51832-mexican-peso-price-analysis-usd-mxn-rebounds-sharply-from-two-month-lows.md) | -0.5% | +0.8% |
| DXY | 2022-09-26 | [Indian rupee at record low, with central bank likely helping cap slide - Markets - Business Recorder](https://feedsoft.ai/events/39851-indian-rupee-at-record-low-with-central-bank-likely-helping-cap-slide-markets.md) | +0.2% | +0.6% |
| DXY | 2018-04-26 | [Statement of the Governor of BI on Bank Indonesia’s Steps to Maintain Stability of Rupiah Exchange Rate](https://feedsoft.ai/events/65813-statement-of-the-governor-of-bi-on-bank-indonesia-s-steps-to-maintain-stability.md) | +0.7% | +2.1% |

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2019/08/26/bank-indonesias-warjiyo-central-banks-stance-is-now-pro-growth-from-pro-stability-idr-at-weekly-lows/

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