The Bank Indonesia kept its key 7-day reverse repurchase rate unchanged at a record low of 3.5% on June 17th 2021, where it has been since its meeting in February, as widely expected. The decision reflects the Bank's commitment to supporting the domestic recovery as Covid-19 cases rise and forecasts for low inflation, while also maintaining the stability of the rupiah in response to volatility in global financial markets. Governor Perry Warjiyo repeated a pledge to keep interest rates low and liquidity abundant until inflationary pressures emerge, which he expects to happen in early 2022 at the earliest. The overnight deposit facility and lending facility rates were also left at 2.75% and 4.25%, respectively. The central bank maintained its growth forecast for 2021 at 4.1% to 5.1%. At the same time, inflation is seen within the 2% to 4% target range. source: Bank Indonesia
Interest Rate in Indonesia averaged 6.70 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 June 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. Looking forward, we estimate Interest Rate in Indonesia to stand at 3.75 in 12 months time. 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.