# Market Participants Await Bank Indonesia's Policy Decision | Indonesia Investments

> The rupiah hovered near 14,400 per dollar on Friday ahead of Bank Indonesia's policy decision. Analysts expected a hike and debated whether 25 bps would be enough, while the central bank was selling dollars and buying bonds to defend the currency.

- Date: 2018-06-29 · published 2018-06-29T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/64838-market-participants-await-bank-indonesia-s-policy-decision-indonesia-investments
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Pre-decision currency weakness and the defense measures point to continued pressure on the rupiah, which raises dollar-priced feed import costs for Indonesian buyers.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- indonesia-investments.com: https://www.indonesia-investments.com/news/todays-headlines/market-participants-await-bank-indonesia-s-policy-decision/item8864

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