The Bank of Indonesia (BI) held the key 7-day reverse repurchase rate unchanged for the second straight month, as widely expected, at the over-three-year high of 5.75% during its March meeting in 2023. Policymakers said the decision was consistent with a neutral monetary policy stance aimed at achieving the inflation target of 2%-4% while supporting economic growth. BI said inflation was on track to get back within its 2%-4% target range from September this year, while core inflation would stay within target the whole year. The annual inflation accelerated to 5.47% in February ahead of the holy month of Ramadan from January's five-month low of 5.28%. The annual inflation hit a 7-year record of 5.95% in September 2022 amid rising global food and energy prices. The central bank maintained its growth outlook for this year at the upper end of its 4.5% to 5.3% range. The central bank also kept the overnight deposit and lending rates the same at 5% and 6.5%, respectively. source: Bank Indonesia

Interest Rate in Indonesia averaged 6.44 percent from 2005 until 2023, reaching an all time high of 12.75 percent in December of 2005 and a record low of 3.50 percent in February of 2021. 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 March of 2023.

Interest Rate in Indonesia is expected to be 5.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Indonesia Interest Rate is projected to trend around 5.25 percent in 2024 and 5.00 percent in 2025, according to our econometric models.

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Indonesia Interest Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-01-19 07:30 AM 5.75% 5.5% 5.75% 5.75%
2023-02-16 07:30 AM 5.75% 5.75% 5.75% 5.75%
2023-03-16 07:30 AM 5.75% 5.75% 5.75% 5.75%
2023-04-19 07:30 AM 5.75%
2023-05-25 07:30 AM
2023-06-22 07:30 AM


Related Last Previous Unit Reference
Interest Rate 5.75 5.75 percent Mar 2023
Interbank Rate 6.77 6.77 percent Mar 2023
Money Supply M1 4556335.20 4581300.00 IDR Billion Feb 2023
Money Supply M0 830373.00 897799.00 IDR Billion Jan 2023
Money Supply M2 8297600.00 8271800.00 IDR Billion Feb 2023
Foreign Exchange Reserves 140300.00 139400.00 USD Million Feb 2023
Loans to Private Sector 5673712.00 5606249.00 IDR Billion Dec 2022
Deposit Interest Rate 5.00 5.00 percent Mar 2023
Lending Rate 6.50 6.50 percent Mar 2023
Cash Reserve Ratio 9.00 9.00 percent Feb 2023
Loan Growth 10.64 10.53 percent Feb 2023

Indonesia Interest Rate
In Indonesia the interest rate decisions are taken by The Central Bank of Republic of Indonesia. In April of 2016, policymakers announced the replacement of the official discount interest rate with new 7-day reverse repurchase rate in August 2016. This is the rate at which central banks lend or discount eligible paper for deposit money banks, typically shown on an end-of-period basis.
Actual Previous Highest Lowest Dates Unit Frequency
5.75 5.75 12.75 3.50 2005 - 2023 percent Daily

News Stream
Indonesia Leaves Rates Unchanged, as Expected
The Bank of Indonesia (BI) held the key 7-day reverse repurchase rate unchanged for the third straight month, as widely expected, at the over-three-year high of 5.75% during its March meeting in 2023. Policymakers said the decision was consistent with a neutral monetary policy stance aimed at achieving the inflation target of 2%-4% while supporting economic growth. BI said inflation was on track to get back within its 2%-4% target range from September this year, while core inflation would stay within target the whole year. The annual inflation accelerated to 5.47% in February ahead of the holy month of Ramadan from January's five-month low of 5.28%. The annual inflation hit a 7-year record of 5.95% in September 2022 amid rising global food and energy prices. The central bank maintained its growth outlook for this year at the upper end of its 4.5% to 5.3% range. The central bank also kept the overnight deposit and lending rates the same at 5% and 6.5%, respectively.
2023-03-16
Indonesia Holds Rates Steady as Expected
The Bank of Indonesia (BI) kept the key 7-day reverse repurchase rate unchanged, as widely expected, at the over-three-year high of 5.75% during its February meeting in 2023 after delivering the sixth straight hikes. Policymakers said the decision was consistent with a neutral monetary policy stance aimed at achieving the inflation target of 2%-4% while supporting economic growth. The annual inflation hit a 7-year record of 5.95% in September 2022 amid rising global food and energy prices, but its pace has eased to a five-month low of 5.28% in January 2023. BI changed its growth outlook for this year to the upper end of its 4.5% to 5.3% range rather than the midpoint after data this month showed the country's GDP expanded at the fastest rate in nine years at 5.3% in 2022. The central bank also left the overnight deposit and lending rates the same at 5% and 6.5%, respectively.
2023-02-16
Indonesia Hikes Rates by 25bps, as Widely Expected
The Bank Indonesia (BI) raised its key interest rates by 25bps to 5.75% during the January meeting of 2023, a sixth consecutive hike, and the first rate hike in this year, aiming to ensure headline inflation remains within target 2%-4% in the second half of this year.The latest move brought the benchmark 7-day reverse repurchase rate to the highest level in more than three years, in line with market forecasts. The decision, which takes the cumulative increases to 225 bps since August last year, signalling that the tightening cycle was ending. Annual inflation hit a 7-year high of 5.95% in September last year amid rising global food and energy prices, but the pace has since slowed to 5.51% in December. The central bank also raised both the deposit facility and lending facility by 25 bps to 5% and 6.5%, respectively. The BI reaffirmed its 2023 economic growth outlook at the mid-point of 4.5%-5.3%, according to Governor Perry Warjiyo.
2023-01-19