# Indonesia: With Fed on hold, Bank Indonesia keeps rates steady | snaps | ING THINK

> Bank Indonesia kept its 7-day reverse repo rate at 6%, as expected by the market. The central bank may now have room to ease policy later if the rupiah keeps strengthening, given that the Fed is seen on hold through the year.

- Date: 2019-03-21 · published 2019-03-21T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/60400-indonesia-with-fed-on-hold-bank-indonesia-keeps-rates-steady-snaps-ing-think
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Possible future rate cuts by Bank Indonesia could lower borrowing costs for the Indonesian feed and livestock sector, but the impact on global feed commodity prices is minimal.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- think.ing.com: https://think.ing.com/snaps/indonesia-with-fed-on-hold-bank-indonesia-keeps-rates-steady/

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