# Bank Indonesia Conducts Ad Hoc Press Conference on Rupiah Movement | Indonesia Investments

> Bank Indonesia held an ad hoc press conference on April 26 about rupiah weakness, which pushed the JISDOR benchmark 1.10% weaker to IDR 13,930 per dollar in a week. Analysts had expected a rate hike, but the central bank signaled that was a last resort.

- Date: 2018-04-27 · published 2018-04-27T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/65814-bank-indonesia-conducts-ad-hoc-press-conference-on-rupiah-movement-indonesia
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Rupiah weakness driven by US yields and Fed hike expectations raises Indonesian import costs for feed ingredients and keeps pressure on feed buyers. A rate hike would be a bigger signal for regional financing costs.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- indonesia-investments.com: https://www.indonesia-investments.com/finance/financial-columns/bank-indonesia-conducts-ad-hoc-press-conference-on-rupiah-movement/item8760

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