The Bank Indonesia kept its key 7-day reverse repurchase rate unchanged at a record low of 3.75% on April 20th 2021, in line with market expectations. The decision reflects the Bank's commitment to supporting the domestic recovery amid low inflation while maintaining the stability of the rupiah which continues to be hit by the volatility in global financial markets. Both the deposit and lending facility rates were left on hold at 2.75% and 4.25%, respectively. The central bank also revised lower its growth forecasts for 2021 to 4.1-5.1% from 4.3-5.3% previously, despite the stronger than anticipated global economic recovery source: Bank Indonesia

Interest Rate in Indonesia averaged 6.74 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 May 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.

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Indonesia Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.50 3.50 12.75 3.50 2005 - 2021 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2021-01-21 07:30 AM 3.75% 3.75% 3.75% 3.75%
2021-02-18 07:30 AM 3.50% 3.75% 3.50% 3.5%
2021-03-18 07:30 AM 3.5% 3.5% 3.5% 3.5%
2021-04-20 07:30 AM 3.5% 3.5% 3.5% 3.5%
2021-05-25 07:30 AM 3.5%
2021-06-17 07:30 AM
2021-07-22 07:30 AM
2021-08-19 07:30 AM


News Stream
Indonesia Holds Rates as Expected
The Bank Indonesia kept its key 7-day reverse repurchase rate unchanged at a record low of 3.75% on April 20th 2021, in line with market expectations. The decision reflects the Bank's commitment to supporting the domestic recovery amid low inflation while maintaining the stability of the rupiah which continues to be hit by the volatility in global financial markets. Both the deposit and lending facility rates were left on hold at 2.75% and 4.25%, respectively. The central bank also revised lower its growth forecasts for 2021 to 4.1-5.1% from 4.3-5.3% previously, despite the stronger than anticipated global economic recovery.
2021-04-20
Indonesia Leaves Monetary Policy Unchanged
The Bank Indonesia left its benchmark 7-day reverse repo steady at 3.5 percent on March 18th 2021, in line with market forecasts, and following a 25bps cut in the previous meeting. Policymakers said the decision is consistent with efforts to support the economic recovery and the need to maintain the stability of the Rupiah exchange rate against a backdrop of low inflation. Governor Warjiyo said the central bank would try to stabilise the currency by conduction triple intervention in financial markets, which include the spot foreign exchange, domestic non-deliverable forward and bond markets. Both the deposit and lending facility rates were left on hold at 2.75 percent and 4.25 percent, respectively. The central bank maintained its growth forecast for 2021 at 4.3 to 5.3 percent.
2021-03-18
Indonesia Cuts Rates as Expected
The Bank Indonesia cut its benchmark 7-day reverse repo rate by 25bps to 3.5 percent on February 18th 2021, in line with market forecasts, and bringing borrowing costs to fresh record low levels. It is the 6th rate cut since the coronavirus pandemic started. Policymakers said the decision is consistent with prospects of low inflation and aims to maintain the stability of the rupiah and boost growth. The overnight deposit facility rate was also cut by 25bps to 2.75 percent and the lending facility to 4.25 percent. The central bank also revised lower its growth forecasts to 2021 to 4.3 percent-5.3 percent from 4.8 percent-5.8 percent earlier.
2021-02-18
Indonesia Leaves Monetary Policy Unchanged
The Bank Indonesia kept its key 7-day reverse repurchase rate unchanged at a record low of 3.75 percent on January 21st 2021, in line with market expectations. Policymakers said the decision is consistent with efforts to support the economic recovery and forecasts for low inflation and signalled the bank is ready to continue to support the economy. Both the deposit and lending facility rates were left on hold at 3 percent and 4.5 percent respectively. In 2020, the central bank lowered the borrowing cost five times, cutting the main rate by a cumulative 125bps, in an attempt to support the economy after the coronavirus-hit.
2021-01-21

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.