Bank Indonesia held its 7-day reverse repurchase rate at 4 percent during its October 2020 meeting, in line with market expectations, and aiming to maintain the rupiah stable amid low inflation and ensure liquidity provision. The overnight deposit and lending rates, were also kept steady at 3.25% and 4.75%, respectively.
Interest Rate in Indonesia averaged 6.84 percent from 2005 until 2020, reaching an all time high of 12.75 percent in December of 2005 and a record low of 4 percent in July of 2020. 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 October of 2020. source: Bank Indonesia
Interest Rate in Indonesia is expected to be 4.00 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 4.00 in 12 months time. In the long-term, the Indonesia Interest Rate is projected to trend around 4.00 percent in 2021 and 4.25 percent in 2022, according to our econometric models.