Indonesia Interest Rate  2005-2018 | Data | Chart | Calendar | Forecast

The Bank Indonesia held its benchmark repo rate at 4.25 percent on January 18th, as widely expected, but said would it accelerate the relaxation of its reserve requirement rules. The lending and the deposit facility rates were also left unchanged at 5 percent and 3.5 percent, respectively. Interest Rate in Indonesia averaged 7.25 percent from 2005 until 2018, reaching an all time high of 12.75 percent in December of 2005 and a record low of 4.25 percent in September of 2017.

Indonesia Interest Rate
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Indonesia Holds Policy Interest Rate at 4.25%

The Bank Indonesia held its benchmark repo rate at 4.25 percent on January 18th, as widely expected, but said would it accelerate the relaxation of its reserve requirement rules. The lending and the deposit facility rates were also left unchanged at 5 percent and 3.5 percent, respectively.

Excerpts from the Bank Indonesia Press Release:

In addition to the decision regarding policy rate, the BI Board of Governors also decided to accelerate the implementation of average reserve requirement ratios as a follow up on the monetary policy operational framework reform. Those refinements seek to increase the effective transmission of monetary policy, supporting banking liquidity management flexibility, while simultaneously accelerating financial market deepening. In total, conventional commercial banks are obliged to keep 6.5% of deposit’s worth of reserve requirement in Rupiah. Out of this number, the average mireserve requirement’s portion is loosened from 1.5% to 2% of deposit. Meanwhile, from conventional banks’ total reserve requirement in forex, which is 8% of deposit, the average reserve requirement of 2% is im reserve requirement is 5% of deposit, the average reserve requirement is set at 2% of deposit.

Indonesia’s economic growth in the fourth quarter of 2017 is estimated to remain stable, with an expected rise in 2018. In the fourth quarter of 2017, export performance is expected to be lower that the third quarter amid a relatively high imports growth, especially oil and gas imports. On the demand side, investment improved on the back of government infrastructure projects and the expanding role of private investment. Meanwhile, consumption growth remains sluggish. Consequently, the national economy is forecasted to grow in 2017 at 5.1%. Nevertheless, economic growth is projected to accelerate in 2018 in line with stronger domestic demand as investment increases along with household consumption and fiscal stimuli. Meanwhile, vibrant export growth is predicted for 2018 as the global economy continues to recover and international commodity prices remain high. In general, economic growth in 2018 is projected in the 5.1-5.5% range.

Low inflation has been maintained in 2017 within the target corridor of 4±1%. CPI inflation stood at 0.71% (mtm) in December 2017 and at 3.61% (yoy) for the year. Consequently, inflation over the past three years has consistently been maintained within the target corridor. Low core inflation and weak inflationary pressures on volatile foods as well as the managed impact of various tariff hikes in the form of administered prices have contributed to controlled inflation in 2017. Furthermore, positive supply and demand factors, mild external pressures as well as close policy coordination between Bank Indonesia and the Central Government and Regional Administrations have also supported controlled inflation in 2017. Bank Indonesia predicts inflation to remain within the target range for 2018, namely 3.5±1%.

Bank Indonesia | Joana Ferreira |
1/19/2018 10:16:20 AM

Calendar GMT Actual Previous Consensus TEForecast
2017-11-16 11:00 AM Interest Rate Decision 4.25% 4.25% 4.25% 4.25%
2017-12-14 10:30 AM Interest Rate Decision 4.25% 4.25% 4.25% 4.25%
2018-01-18 11:30 AM Interest Rate Decision 4.25% 4.25% 4.25% 4.25%
2018-02-15 10:00 AM Interest Rate Decision 4.25%
2018-03-22 10:00 AM Interest Rate Decision
2018-04-19 10:00 AM Interest Rate Decision

Indonesia Money Last Previous Highest Lowest Unit
Interest Rate 4.25 4.25 12.75 4.25 percent [+]
Interbank Rate 5.31 5.30 57.79 4.19 percent [+]
Money Supply M0 537297.62 519865.96 561856.55 2983.00 IDR Billion [+]
Money Supply M1 1338107.70 1325730.60 1395312.30 317.90 IDR Billion [+]
Money Supply M2 5319963.90 5283290.30 5319963.90 5156.00 IDR Billion [+]
Foreign Exchange Reserves 130200.00 126000.00 130200.00 27404.30 USD Million [+]
Loans to Private Sector 4134269.00 4092433.00 4134269.00 286724.00 IDR Billion [+]
Deposit Interest Rate 3.50 3.50 56.00 3.00 percent [+]
Lending Rate 5.00 5.00 15.75 5.00 percent [+]
Loan Growth 8.35 7.47 90.50 -59.90 percent [+]
Cash Reserve Ratio 6.50 6.50 8.00 5.00 percent [+]

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. This page provides - Indonesia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Indonesia Interest Rate - actual data, historical chart and calendar of releases - was last updated on January of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.25 4.25 12.75 4.25 2005 - 2018 percent Daily

interest rate by Country
Country Last
Turkey 8.00 Jan/18
Russia 7.75 Dec/17
Mexico 7.25 Dec/17
Brazil 7.00 Dec/17
India 6.00 Dec/17
China 4.35 Nov/17
Indonesia 4.25 Jan/18
Australia 1.50 Dec/17
South Korea 1.50 Jan/18
United States 1.50 Dec/17
Canada 1.25 Jan/18
United Kingdom 0.50 Dec/17
Euro Area 0.00 Dec/17
France 0.00 Dec/17
Germany 0.00 Dec/17
Italy 0.00 Dec/17
Netherlands 0.00 Dec/17
Spain 0.00 Dec/17
Japan -0.10 Dec/17
Switzerland -0.75 Dec/17