Bank Indonesia held its 7-day reverse repurchase rate at 4.50 percent during its May meeting, surprising markets that had forecast a 25bps cut, amid efforts to ensure market stability. The central bank also held its overnight deposit facility and lending facility rates steady at 3.75 percent and 5.25 percent, respectively. Policymakers said there was still room for further rate cuts to support the economy hit by the coronavirus pandemic as inflationary pressures remain low.
Interest Rate in Indonesia averaged 6.92 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. Indonesia Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Bank Indonesia
Interest Rate in Indonesia is expected to be 4.25 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 4.25 in 12 months time. In the long-term, the Indonesia Interest Rate is projected to trend around 4.50 percent in 2021 and 4.75 percent in 2022, according to our econometric models.