Bank Indonesia lowered the primary reserve requirement ratio for conventional banks by 50bps to 5.50 percent during its November meeting, while the ratio for Islamic banks will be 4 percent when the move takes effect on January 2nd, 2020. It will provide the banking system with an extra IDR 26 trillion.
Cash Reserve Ratio in Indonesia averaged 6.98 percent from 2009 until 2019, reaching an all time high of 8 percent in September of 2010 and a record low of 5 percent in February of 2009. This page provides - Indonesia Cash Reserve Ratio- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Bank Indonesia
Cash Reserve Ratio in Indonesia is expected to be 6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Cash Reserve Ratio in Indonesia to stand at 6.50 in 12 months time. In the long-term, the Indonesia Cash Reserve Ratio is projected to trend around 6.50 percent in 2020, according to our econometric models.