# Bank Indonesia hikes interest rates to save rupiah

> Bank Indonesia raised its benchmark rate by 25 basis points on May 30 in a second hike in two weeks to defend the rupiah. The rupiah strengthened to 13,940 per dollar, its strongest since May 4, after the move.

- Date: 2018-05-31 · published 2018-05-31T12:00:00.000Z
- Category: macro · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/65320-bank-indonesia-hikes-interest-rates-to-save-rupiah
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Higher Indonesian rates and a firmer rupiah reduce the cost of imported feed inputs for Indonesian buyers, while tighter credit may slow domestic livestock and poultry expansion, modestly lowering feed demand.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- cnbc.com: https://www.cnbc.com/2018/05/30/bank-indonesia-hikes-interest-rates-to-save-rupiah.html

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