# Indonesia holds key rate as trade war hammers rupiah - Nikkei Asia

> Bank Indonesia kept its benchmark rate unchanged on May 16, 2019, as escalating US-China trade tensions pushed the rupiah down about 4% from its February high. The central bank is bucking regional monetary easing trends to defend the currency.

- Date: 2019-05-16 · published 2019-05-16T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/59372-indonesia-holds-key-rate-as-trade-war-hammers-rupiah-nikkei-asia
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Holding rates to defend the rupiah keeps domestic borrowing costs high and reflects currency pressure that raises the local cost of dollar-priced feed imports.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- asia.nikkei.com: https://asia.nikkei.com/economy/indonesia-holds-key-rate-as-trade-war-hammers-rupiah

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