# Indonesia’s surprise interest rate cut follows weak growth - Asia Times

> Bank Indonesia's 25-basis-point rate cut to 4.5% came after second-quarter growth of 5%, below expectations, with weak private consumption. Credit growth is subdued and fiscal concerns are rising as the deficit approaches its 3% of GDP legal ceiling.

- Date: 2017-08-24 · published 2017-08-24T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/69774-indonesia-s-surprise-interest-rate-cut-follows-weak-growth-asia-times
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Weak domestic demand and tighter fiscal conditions point to slower Indonesian livestock and feed demand over the coming quarters. Currency pressure from easier policy could raise imported feed costs.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- asiatimes.com: https://asiatimes.com/2017/08/indonesias-surprise-interest-rate-cut-follows-weak-growth/

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