# Indonesia raises its reverse repo rate to 5.25% - The Business Times

> Bank Indonesia lifted its reverse repo rate 50 bps to 5.25% on Friday, surprising all 31 economists surveyed by Bloomberg. The rupiah gained up to 0.6% after the decision but had earlier slid to 14,415, down over 5% this year.

- Date: 2018-06-29 · published 2018-06-29T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/64835-indonesia-raises-its-reverse-repo-rate-to-5-25-the-business-times
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

The surprise hike signals determination to stabilize the rupiah, which lowers the local-currency cost of dollar-priced feed imports, though the effect on feed prices is gradual.

## Read by commodity

- USDIDR: neutral

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/international/indonesia-raises-its-reverse-repo-rate-525

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