Bank Indonesia unexpectedly kept its key interest rate at 5.75% at its July 22, 2026 meeting, defying market expectations of a 25-bps hike, after 25-bps increases at each of the previous two meetings aimed at shoring up the rupiah, while continuing to monitor price pressures amid persistent external risks and support economic growth. The central bank has raised rates by a total of 100 bps since May, bringing the policy rate to its highest level since April 2025 to attract foreign inflows and shore up the rupiah, which has come under pressure. The annual inflation rate accelerated to 3.34% in June from 3.08% in May, nearing the upper end of Bank Indonesia's 1.5%–3.5% target range. However, the central bank expects inflation to remain within the government's 2.5% ± 1% target range and has maintained its economic growth forecast of 4.9%–5.7% for 2026. Bank Indonesia also left the rates on its overnight deposit facility and lending facility unchanged at 4.75% and 6.5%, respectively. source: Bank Indonesia

The benchmark interest rate in Indonesia was last recorded at 5.75 percent. Interest Rate in Indonesia averaged 6.31 percent from 2005 until 2026, 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 2026.

The benchmark interest rate in Indonesia was last recorded at 5.75 percent. Interest Rate in Indonesia is expected to be 6.25 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 6.00 percent in 2027 and 5.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-09 06:00 AM Interest Rate Decision 5.50% 5.25%
2026-06-18 07:30 AM Interest Rate Decision 5.75% 5.50% 5.75% 6%
2026-07-22 07:30 AM Interest Rate Decision 5.75% 5.75% 6% 6%
2026-08-19 07:30 AM Interest Rate Decision 5.75% 6%
2026-09-23 07:30 AM Interest Rate Decision
2026-10-21 07:30 AM Interest Rate Decision


Related Last Previous Unit Reference
Cash Reserve Ratio 9.00 9.00 percent Jun 2026
Deposit Facility Rate 4.75 4.75 percent Jul 2026
Foreign Exchange Reserves 145600.00 144900.00 USD Million Jun 2026
Interbank Rate 5.46 5.46 percent Dec 2025
Interest Rate 5.75 5.75 percent Jul 2026
Lending Facility Rate 6.50 6.50 percent Jul 2026
Loan Growth YoY 12.67 11.51 percent Jun 2026
Loans to Private Sector 7591084.00 7468989.00 IDR Billion May 2026
Money Supply M0 1205755.00 1186500.00 IDR Billion May 2026
Money Supply M1 3438156.00 3342536.00 IDR Billion May 2026
M2 Money Supply YoY 10432800.00 10415900.00 IDR Billion Jun 2026


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.
Actual Previous Highest Lowest Dates Unit Frequency
5.75 5.75 12.75 3.50 2005 - 2026 percent Daily

News Stream
Bank Indonesia Unexpectedly Holds Rates
Bank Indonesia unexpectedly kept its key interest rate at 5.75% at its July 22, 2026 meeting, defying market expectations of a 25-bps hike, after 25-bps increases at each of the previous two meetings aimed at shoring up the rupiah, while continuing to monitor price pressures amid persistent external risks and support economic growth. The central bank has raised rates by a total of 100 bps since May, bringing the policy rate to its highest level since April 2025 to attract foreign inflows and shore up the rupiah, which has come under pressure. The annual inflation rate accelerated to 3.34% in June from 3.08% in May, nearing the upper end of Bank Indonesia's 1.5%–3.5% target range. However, the central bank expects inflation to remain within the government's 2.5% ± 1% target range and has maintained its economic growth forecast of 4.9%–5.7% for 2026. Bank Indonesia also left the rates on its overnight deposit facility and lending facility unchanged at 4.75% and 6.5%, respectively.
2026-07-22
Indonesia Hikes Rates to Support Rupiah
Bank Indonesia raised its key interest rate by 25 bps to 5.75% at its June 18, 2026, meeting, as widely expected, following a 25 bps hike at an off-schedule meeting on June 9 aimed at supporting the rupiah, taming inflation, and supporting economic growth. The central bank has raised rates by a total of 100 bps since May, bringing the policy rate to its highest level since April 2025. The annual inflation rate surged to 3.08% in May from 2.42% in April, nearing the upper end of BI's 1.5%-3.5% target range. However, the central bank expects to keep inflation within the government's 2.5% ±1% target range and maintained its economic growth forecast of 4.9%-5.7% for 2026. Bank Indonesia also raised the rates on its overnight deposit facility and lending facility by 25 bps each, to 4.75% and 6.50%, respectively.
2026-06-18
Bank Indonesia Surprises with Rate Hike to Support Rupiah
Bank Indonesia unexpectedly raised its key interest rates in an off-schedule meeting on June 9, 2026, as mounting external pressures weighed on the rupiah. The benchmark rate was lifted 25bp to 5.5%, alongside increases in the overnight deposit facility to 4.5% from 4.25% and the lending facility to 6.25% from 6%. Policymakers also unveiled measures to bolster the currency, including incentives to attract foreign investment. The package aims to stabilise the rupiah amid Middle East–driven volatility and keep inflation within target. Officials said the move reflects efforts to safeguard financial stability and sustain confidence in the economy against rising external risks. Sentiment was further supported as the dollar index eased from a nine-week high after Iran and Israel agreed to halt attacks, easing geopolitical tensions and improving risk appetite. Separately, Governor Perry Warjiyo projected the rupiah at 16,800–17,500 per U.S. dollar in 2027, with GDP growth seen at 5.1%–5.9%.
2026-06-09