# USD/IDR: Rupiah strengthens despite Bank Indonesia’s rate cut — Octa

> Bank Indonesia cut its 7-day reverse repo rate by 25 basis points to 5.75% on July 18, 2019, as widely expected. The central bank also lowered its 2019 growth outlook and said it would keep an accommodative stance, yet the rupiah strengthened afterward.

- Date: 2019-07-18 · published 2019-07-18T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/58420-usd-idr-rupiah-strengthens-despite-bank-indonesia-s-rate-cut-octa
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Rate cuts normally weaken a currency, but the rupiah's firmness suggests the market had already priced the move, so the feed-cost impact is limited.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/726683/

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