The Bank of Indonesia held its key 7-day reverse repurchase rate unchanged at an all-time low of 3.5% on November 18th 2021, as expected, aiming to support economic growth and maintain exchange rate stability. The overnight deposit facility and lending facility rates were also left unchanged at 2.75% and 4.25%, respectively. The central bank was optimistic about economic activity in the last quarter of the year on hopes that exports, fiscal spending, consumption and investment will contribute to growth, after a summer COVID-19 wave dampened economic growth in the third quarter. The annual inflation rate edged up to 1.66% in October, from 1.60% in the prior month but was still below the 2% lower limit of the central bank’s target. source: Bank Indonesia

Interest Rate in Indonesia averaged 6.62 percent from 2005 until 2021, 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 December of 2021.

Interest Rate in Indonesia is expected to be 3.50 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 4.00 percent in 2022 and 4.25 percent in 2023, according to our econometric models.

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Indonesia Interest Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-09-21 07:30 AM 3.5% 3.5% 3.5% 3.5%
2021-10-19 07:30 AM 3.5% 3.5% 3.5% 3.5%
2021-11-18 07:30 AM 3.5% 3.5% 3.5% 3.5%
2021-12-16 07:30 AM 3.5%


Related Last Previous Unit Reference
Interest Rate 3.50 3.50 percent Nov/21
Interbank Rate 3.75 3.75 percent Dec/21
Money Supply M1 4077707.30 3952886.10 IDR Billion Oct/21
Money Supply M0 750651.76 758792.70 IDR Billion Aug/21
Money Supply M2 7490700.00 7300900.00 IDR Billion Oct/21
Foreign Exchange Reserves 145900.00 145500.00 USD Million Nov/21
Loans to Private Sector 4919281.00 4906412.00 IDR Billion Aug/21
Deposit Interest Rate 2.75 2.75 percent Nov/21
Lending Rate 4.25 4.25 percent Nov/21
Loan Growth 3.24 2.21 percent Oct/21
Cash Reserve Ratio 3.00 3.00 percent Sep/21

News Stream
Indonesia Keeps Rates at All-Time Low
The Bank of Indonesia held its key 7-day reverse repurchase rate unchanged at an all-time low of 3.5% on November 18th 2021, as expected, aiming to support economic growth and maintain exchange rate stability. The overnight deposit facility and lending facility rates were also left unchanged at 2.75% and 4.25%, respectively. The central bank was optimistic about economic activity in the last quarter of the year on hopes that exports, fiscal spending, consumption and investment will contribute to growth, after a summer COVID-19 wave dampened economic growth in the third quarter. The annual inflation rate edged up to 1.66% in October, from 1.60% in the prior month but was still below the 2% lower limit of the central bank’s target.
2021-11-18
Indonesia Holds Key Rates as Expected
The Bank of Indonesia held its key 7-day reverse repurchase rate unchanged at an all-time low of 3.5% on October 19th 2021, as expected. The overnight deposit facility and lending facility rates were also left unchanged at 2.75% and 4.25%, respectively. The central bank said the decision was taken to maintain stability in the rupiah exchange rate and in the financial system amid low inflation forecasts, as well as to support economic growth. The annual inflation rate edged up to 1.60% in September, from 1.59% in the prior month but was still below the 2% lower limit of the central bank’s target. Policymakers said the domestic economy continued to expand in the September quarter, on the back of strong export performance, and increasing consumption and investment activity, as mobility restrictions were lifted. Looking ahead, the central bank maintained its prior 2021 growth forecasts of 3.5% to 4.3% and cut its current account deficit outlook to 0.0%-0.8% of GDP.
2021-10-19
Indonesia Leaves Monetary Policy Unchanged
The Bank of Indonesia held its key 7-day reverse repurchase rate unchanged at a record low of 3.5% on September 21st 2021, in line with market expectations. The overnight deposit facility and lending facility rates were also left unchanged at 2.75% and 4.25%, respectively. Policymakers said the decision weighed the central bank’s goals of supporting economic growth, while maintaining stability at the exchange rate level amid low inflation expectations. The central bank Governor added that domestic activities have gradually improved after some restrictions were eased and called on banks to continue lowering credit rates. On the price front, the annual inflation rate inched up to 1.59% in August, from 1.52% in July but was still below the 2% lower limit of the central bank’s target. Looking ahead, the central bank maintained its prior 2021 growth forecasts of 3.5% to 4.3% and sees the current account deficit standing between 0.6% and 1.4% of GDP.
2021-09-21

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.