Indonesia Interest Rate  2005-2018 | Data | Chart | Calendar | Forecast

The central bank of Indonesia rose its benchmark 7-day reverse repo rate by 25bps to 4.5 percent on May 17th 2018, in line with market expectations. It is the first rate hike since November 2014 amid a falling rupiah which already slided near 4% against the USD since the beginning of the year. Policymakers added they will continue to implement stabilization measures in line with the rupiah’s fundamental value, suggesting further tightening could be necessary if the rupiah keeps falling. The lending and the deposit facility rates were also increased by 25bps to 5.25 percent and 3.75 percent respectively. Interest Rate in Indonesia averaged 7.17 percent from 2005 until 2018, 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.

Indonesia Interest Rate
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Indonesia Hikes Key Rate for First Time since 2014


The central bank of Indonesia rose its benchmark 7-day reverse repo rate by 25bps to 4.5 percent on May 17th 2018, in line with market expectations. It is the first rate hike since November 2014, as Bank Indonesia tries to maintain economic stability amid a falling rupiah, escalating risks in the global financial market and global liquidity downturn. Policymakers added they will continue to implement stabilization measures in line with the rupiah’s fundamental value, suggesting further tightening could be necessary if the rupiah keeps falling.

The lending and the deposit facility rates were also increased by 25bps to 5.25 percent and 3.75 percent respectively.

Policymakers noted that the rupiah depreciated 1.47 percent in the first quarter of 2018 and 1.06 percent in April, sparked by global USD appreciation and that the exchange rate was managed according to domestic economic fundamentals and appropriate stabilization measures. The central bank stated that it will continue to monitor the risk of global financial market uncertainty by continuing the exchange rate stabilization measures in line with the rupiah’s fundamental value. 

Domestic economic growth increased in the first quarter of 2018, backed by increasing investment (highest in five years) and resilient private consumption. Also, the current account deficit narrowed to 2.1 percent of GDP from 2.3 percent in the last quarter of 2017. As so, Bank Indonesia anticipates a controlled current account deficit in the 2.0-2.5 percent of GDP range in 2018, remaining within a safe threshold of not more than 3 percent of GDP. 

Both growth (5.1-5.5 percent) and inflation (3.5±1 percent) forecasts for 2018 were kept unchanged. 


Bank Indonesia | Gabriela Costa | gabriela.costa@tradingeconomics.com
5/17/2018 2:51:53 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-03-22 09:50 AM Interest Rate Decision 4.25% 4.25% 4.25% 4.25%
2018-04-19 12:30 PM Interest Rate Decision 4.25% 4.25% 4.25% 4.25%
2018-05-17 10:50 AM Interest Rate Decision 4.5% 4.25% 4.5% 4.5%
2018-06-28 10:00 AM Interest Rate Decision 4.5% 4.5%
2018-07-19 10:00 AM Interest Rate Decision 4.5%
2018-08-16 10:00 AM Interest Rate Decision 4.5%


Indonesia Money Last Previous Highest Lowest Unit
Interest Rate 4.50 4.25 12.75 4.25 percent [+]
Interbank Rate 6.37 6.38 57.79 4.19 percent [+]
Money Supply M0 549155.84 531209.28 586579.57 2983.00 IDR Billion [+]
Money Supply M1 1361075.00 1351300.00 1390670.70 317.90 IDR Billion [+]
Money Supply M2 5394900.00 5351700.00 5418998.20 5156.00 IDR Billion [+]
Foreign Exchange Reserves 124900.00 126003.20 131979.64 27404.30 USD Million [+]
Loans to Private Sector 4241569.00 4182273.00 4241569.00 286724.00 IDR Billion [+]
Deposit Interest Rate 3.75 3.50 56.00 3.00 percent [+]
Lending Rate 5.25 5.00 15.75 5.00 percent [+]
Loan Growth 8.94 8.54 90.50 -59.90 percent [+]
Cash Reserve Ratio 6.50 6.50 8.00 5.00 percent [+]


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. This page provides - Indonesia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Indonesia Interest Rate - actual data, historical chart and calendar of releases - was last updated on May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.50 4.25 12.75 4.25 2005 - 2018 percent Daily




interest rate by Country
Country Last
Turkey 8.00 May/18
Mexico 7.50 May/18
Russia 7.25 Apr/18
Brazil 6.50 May/18
India 6.00 Apr/18
Indonesia 4.50 May/18
China 4.35 Apr/18
United States 1.75 May/18
Australia 1.50 May/18
South Korea 1.50 May/18
Canada 1.25 Apr/18
United Kingdom 0.50 May/18
Euro Area 0.00 Apr/18
France 0.00 Apr/18
Germany 0.00 Apr/18
Italy 0.00 Apr/18
Netherlands 0.00 Apr/18
Spain 0.00 Apr/18
Japan -0.10 Apr/18
Switzerland -0.75 Apr/18


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