# Indonesia bids to tame market contagion as bets on a rate hike soar

> Indonesia is working to contain market contagion as bets on a further central bank rate hike rise. The rupiah has lost about 3% this year as investors pull money from emerging markets on rising US Treasury yields.

- Date: 2018-05-28 · published 2018-05-28T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/65321-indonesia-bids-to-tame-market-contagion-as-bets-on-a-rate-hike-soar
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Currency weakness and capital outflows raise the cost of imported feed ingredients priced in dollars for Indonesian buyers, pressuring margins.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/us-indonesia-markets/indonesian-government-to-improve-state-firms-leverage-governance-finmin-idUSKCN1IT07O/

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