# Bank Indonesia Raises Key Rate to Aid Rupiah, Flags Chance of More Hikes

> Bank Indonesia raised its benchmark rate by 25 basis points to 4.75% on May 30, its second hike in two weeks, and signaled more possible increases. New Governor Perry Warjiyo said the bank would calibrate further hikes to market conditions amid an emerging-market sell-off.

- Date: 2018-05-30 · published 2018-05-30T12:00:00.000Z
- Category: macro · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/65325-bank-indonesia-raises-key-rate-to-aid-rupiah-flags-chance-of-more-hikes
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Signaled further tightening supports the rupiah and reduces dollar-cost pressure on imported feed, but higher borrowing costs may weigh on Indonesian livestock and poultry expansion.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- jakartaglobe.id: https://jakartaglobe.id/context/bank-indonesia-raises-key-rate-aid-rupiah-flags-chance-hikes/

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