The Bank of Indonesia kept its key 7-day reverse repurchase rate steady at a record low of 3.5% at the June 23rd, 2022 meeting, in line with market forecasts, saying it was still monitoring growing inflation risks and would adjust monetary policy accordingly. The Governor mentioned that inflation may be slightly above target this year to 4.2% by year-end, adding that authorities had taken measures to contain imported inflationary pressures. He added that roughly IDR 119 trillion have been absorbed from the money supply since the minimum statutory reserve requirement in Rupiah for BUK (Conventional Commercial Banks) was raised to 6% on June 1st. The annual inflation rate rose to 3.55% in May, the highest since December 2017, but still below the central bank target ceiling of 4%. The committee left the overnight deposit facility and lending facility rates unchanged at 2.75% and 4.25%. source: Bank Indonesia
Interest Rate in Indonesia averaged 6.51 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 July of 2022.
Interest Rate in Indonesia is expected to be 3.75 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 4.25 percent in 2023, according to our econometric models.