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.