Bank Indonesia held its 7-day reverse repurchase rate at 4 percent during its September meeting, leaving borrowing costs unchanged for a second time, as policymakers aim to maintain the rupiah stable and to support growth amid the coronavirus crisis. At the same time, the central bank announced an extension to the easing on reserve requirement to June 2021 to banks lending to small businesses.
Interest Rate in Indonesia averaged 6.85 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 September 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.