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.

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Indonesia Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.50 4.50 12.75 4.25 2005 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2020-02-20 07:30 AM 4.75% 5% 4.75% 4.75%
2020-03-19 07:30 AM 4.50% 4.75% 4.5% 4.5%
2020-04-14 08:10 AM 4.50% 4.50% 4.5% 4.5%
2020-05-19 07:20 AM 4.50% 4.50% 4.25% 4.25%
2020-06-18 07:30 AM 4.50% 4.25%
2020-07-16 07:30 AM
2020-08-19 07:30 AM 3.75%
2020-09-17 07:30 AM


News Stream
Bank Indonesia Unexpectedly Holds Policy Rate at 4.5%
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.
2020-05-19
Bank Indonesia Holds Rates, Cuts RRR
Bank Indonesia held its 7-day reverse repurchase rate at 4.50 percent during its April meeting, but lowered the reserve requirement ratio for banks to boost liquidity amid the coronavirus pandemic. Governor Perry Warjiyo said the central bank was cutting the RRR for banks by 200 bps and 50 bps for Islamic banks, releasing a total 117.8 trillion rupiah to support the economy hurt by the Covid-19 outbreak.
2020-04-14
Indonesia Cuts Key Rates by 25 Bps to 4.5%
Bank Indonesia lowered its benchmark 7-day reverse repo rate by 25 bps to 4.50 percent during its March 2020 meeting, in line with market forecasts. It is the second straight month cut in borrowing costs, amid a falling rupiah due to the impact of coronavirus outbreak.The decision was consistent with efforts to support GDP growth. The Bank will maintain confidence in financial market by making sure mechanism work, and liquidity available. The policymakers strengthen triple intervention, offer longer tenure of government repo. The Bank added that will to increase foreign exchange swap auction to everyday. The Committee also said that will continue to triple intervention in spot, domestic non-deliverable forward and bond market. For 2020 the central bank revised its GDP growth forecasts to 4.2% - 4.6% from 5.0% - 5.4%, mainly because of the coronavirus effect.The lending and the deposit facility rates were also trimmed by 25bps to 5.25 percent and 3.75 percent, respectively.
2020-03-19
Indonesia Cuts Rates by 25bps to 4.75%
Bank Indonesia lowered its benchmark 7-day reverse repo rate by 25 bps to 4.75 percent during its February 2020 meeting, in line with market forecasts. It is the first cut in borrowing costs since October last year, due to the expected economic impact of the coronavirus outbreak. The decision was consistent with efforts to anchor inflation and support GDP growth. For 2020 the central bank revised its GDP growth forecasts to 5.0% - 5.4% from 5.1% - 5.5%, mainly because of the coronavirus effect. Indonesia GDP growth is affected by the virus outbreak through tourism, trade and investment. The lending and the deposit facility rates were also trimmed by 25bps to 5.5 percent and 4.0 percent, respectively.
2020-02-20

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.