Indonesia's central bank raised its policy rate by 50 bps to 4.75 percent during its October meeting, the third hike this year and bringing borrowing costs to the highest since February 2020 as it seeks to tame runaway inflation and strengthen the rupiah exchange rate. Indonesia's annual inflation rate accelerated to 5.95% in September 2022, marking the fastest rise in consumer prices since October 2015 and breaching the central bank's target range of 2 to 4% for the fourth straight month. Meantime, policymakers noted that the economy was in a good position, supported by increased private consumption and continued strength in exports. The overnight deposit and lending facility rates were also raised by the same amount, to 4.00% and 5.50%, respectively. source: Bank Indonesia

Interest Rate in Indonesia averaged 6.46 percent from 2005 until 2022, 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 November of 2022.

Interest Rate in Indonesia is expected to be 5.25 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 5.00 percent in 2023 and 4.75 percent in 2024, according to our econometric models.

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Indonesia Interest Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-08-23 07:30 AM 3.75% 3.5% 3.5% 3.5%
2022-09-22 07:30 AM 4.25% 3.75% 4% 4%
2022-10-20 07:30 AM 4.75% 4.25% 4.75% 4.5%
2022-11-17 07:30 AM 4.75%
2022-12-22 07:30 AM


Related Last Previous Unit Reference
Interest Rate 4.75 4.25 percent Oct 2022
Interbank Rate 5.68 5.68 percent Nov 2022
Money Supply M1 4487500.00 4440300.00 IDR Billion Sep 2022
Money Supply M0 805459.05 822042.79 IDR Billion Aug 2022
Money Supply M2 7962700.00 7894100.00 IDR Billion Sep 2022
Foreign Exchange Reserves 130782.00 132202.00 USD Million Sep 2022
Loans to Private Sector 5055398.00 5161991.00 IDR Billion Jan 2022
Deposit Interest Rate 4.00 3.00 percent Oct 2022
Lending Rate 5.50 4.50 percent Oct 2022
Loan Growth 11.00 10.62 percent Sep 2022
Cash Reserve Ratio 9.00 7.50 percent Sep 2022

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
4.75 4.25 12.75 3.50 2005 - 2022 percent Daily

News Stream
Indonesia Hikes Interest Rate to Highest Level Since 2020
Indonesia's central bank raised its policy rate by 50 bps to 4.75 percent during its October meeting, the third hike this year and bringing borrowing costs to the highest since February 2020 as it seeks to tame runaway inflation and strengthen the rupiah exchange rate. Indonesia's annual inflation rate accelerated to 5.95% in September 2022, marking the fastest rise in consumer prices since October 2015 and breaching the central bank's target range of 2 to 4% for the fourth straight month. Meantime, policymakers noted that the economy was in a good position, supported by increased private consumption and continued strength in exports. The overnight deposit and lending facility rates were also raised by the same amount, to 4.00% and 5.50%, respectively.
2022-10-20
Bank Indonesia Hikes Rates by More than Expected
Indonesia's central bank raised its policy rate by 50 bps to 4.25 percent during its September meeting, a move that surprised markets expecting a 25 bps rate hike and that pushed up borrowing costs to the highest level since June 2020. It was also the second consecutive rate increase this year, as policymakers try to lower inflation expectations and ensure core inflation returns to the target of 3.0±1 percent in the second half of 2023, as well as support the rupiah. The bank also raised the overnight deposit facility and lending facility rates by the same amount to 3.50 percent and 5.00 percent, respectively.
2022-09-22
Indonesia Hikes Rate for First Time Since 2018
Indonesia's central bank unexpectedly raised its policy rate by 25 bps to 3.75% in its August meeting, the first rate hike since 2018, as it seeks to tame runaway inflation and strengthen the rupiah exchange rate. The annual inflation rate in Indonesia accelerated to 4.9% in July 2022 from 4.4% in June, marking the fastest rise in consumer prices since December 2014 and breaching the central bank's target range of 2 to 4% for the second straight month. Meantime, policymakers noted that the economy was in a good position with the high economic growth driven by an increase in domestic demand, especially household consumption, and persistently high export performance. The overnight deposit and lending facility rates were also raised by the same amount, to 3.00% and 4.50%, respectively.
2022-08-23