The Bank of Indonesia left its key 7-day reverse repurchase rate unchanged at a record low of 3.5% on August 19th, 2021, as expected amid a low inflation outlook. The overnight deposit facility and lending facility rates were also left unchanged at 2.75% and 4.25%, respectively. The central bank aims to continue to support the economic recovery from the pandemic shortfall, while maintaining stability at the exchange rate level. On the price front, the annual inflation rate stood at 1.52% in July, still below the 2% lower limit of the central bank’s target. Policymakers remained hopeful that the economy would stay on the recovery path in the second half of the year, despite the risks posed by the delta variant, supported by the lifting of restrictions, higher vaccination rates and increased mobility. 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. source: Bank Indonesia
Interest Rate in Indonesia averaged 6.68 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 September 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 3.50 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.