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.

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Indonesia Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.00 4.00 12.75 4.00 2005 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2020-07-16 07:30 AM 4% 4.25% 4.0% 4.25%
2020-08-19 07:30 AM 4% 4% 4.00% 4.00%
2020-09-17 07:30 AM 4% 4% 4% 4.00%
2020-10-13 07:30 AM 4% 4% 4% 4%
2020-11-19 07:30 AM 4% 4%
2020-12-17 07:30 AM


News Stream
Indonesia Leaves Key Rates Steady
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.
2020-10-13
Bank Indonesia Holds Rates for 2nd Month
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.
2020-09-17
Indonesia Leaves Monetary Policy Unchanged
Bank Indonesia held its 7-day reverse repurchase rate at 4.0 percent during its July meeting, as widely expected. Policymakers said that the current level was consistent with efforts to support the economy while maintaining stability amid the coronavirus pandemic. The Committee added that will strengthen the monetary operation strategy in order to increase the transmission of the monetary policy stance pursued and will continue the Rupiah exchange rate stabilization in line with market fundamentals and mechanisms. Policymakers also pledged to buy $28 billion of government bonds while relinquishing interest payments. The Committee said that will monitor the dynamics of the global economy, financial markets and the spread of COVID-19 and will take any further action if necessary. The overnight deposit and lending rates, were also kept steady at 3.25% and 4.75%, respectively.
2020-08-19
Bank Indonesia Cuts Key Policy Rate to 4%
Bank Indonesia lowered its 7-day reverse repurchase rate by 25 bps to 4.0 percent during its July meeting, bringing borrowing costs to the lowest since at least 2016, and agreed to expand bond purchases to support the economy amid the coronavirus pandemic. BI has cut rates by a total of 100 bps this year, on top of 100 bps in reductions in 2019. The central bank also slashed its overnight deposit facility and lending facility rates by 25 bps to 3.25 percent and 4.75 percent, respectively. In June, headline inflation rate declined to 1.96 percent, the lowest since May 2000 and below the central bank's target of 2-4 percent.
2020-07-16

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.