# Bank Indonesia cuts rate in anticipation of Fed easing - Nikkei Asia

> Bank Indonesia cut its benchmark rate for the first time in nearly two years on July 18, 2019. The central bank acted in anticipation of an expected Fed easing move at its July meeting.

- Date: 2019-07-18 · published 2019-07-18T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/58422-bank-indonesia-cuts-rate-in-anticipation-of-fed-easing-nikkei-asia
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Lower Indonesian rates reduce the currency's yield advantage, which tends to weaken the rupiah and raise dollar-denominated feed import costs.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- asia.nikkei.com: https://asia.nikkei.com/economy/bank-indonesia-cuts-rate-in-anticipation-of-fed-easing

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