Bank Indonesia held its benchmark 7-day reverse repo rate at 5 percent during its January meeting, as widely expected. The decision was consistent with effort to anchor inflation and boost GDP growth. The Bank added that will continue to monitor global economic development,domestic factors to take advance of room for accommodative macro-prudential policies.The lending and the deposit facility rates were also left unchanged at 5.75 percent and 4.25 percent respectively.
Interest Rate in Indonesia averaged 6.97 percent from 2005 until 2020, reaching an all time high of 12.75 percent in December of 2005 and a record low of 4.25 percent in September of 2017. This page provides - Indonesia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Bank Indonesia
Interest Rate in Indonesia is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Indonesia to stand at 5.00 in 12 months time. In the long-term, the Indonesia Interest Rate is projected to trend around 5.00 percent in 2020, according to our econometric models.