Bank Indonesia (BI) unexpectedly maintained its key interest rate at 5.75% for the fourth straight meeting on October 21, despite renewed pressure on the currency recently, defying expectations of a 25 bps hike. BI also kept the rate on its lending facility at 6.5% but raised the overnight deposit facility rate (DFR) by 25 bps to 5%. BI lowered banks’ reserve requirement ratio (RRR) to 7% from 9% for conventional banks and to 5.5% from 7.5% for Islamic banks. However, BI remained focused on keeping inflation within its target range while supporting GDP growth. BI raised rates by a total of 100 bps in May and June combined, bringing the policy rate to its highest level since April 2025 to attract foreign inflows and shore up the rupiah. The annual inflation rate accelerated to a three-month high of 3.28% in September, while core inflation eased to 2.84%. BI expects inflation to remain within its 2.5% ± 1% target range and has maintained its GDP growth forecast of 4.9%–5.7% for 2026. source: Bank Indonesia

The benchmark interest rate in Indonesia was last recorded at 5.75 percent. Interest Rate in Indonesia averaged 6.30 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 October 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 5.75 percent in 2027 and 5.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-08-19 07:20 AM Interest Rate Decision Aug 5.75% 5.75% 5.75% 5.75%
2026-09-23 07:20 AM Interest Rate Decision 5.75% 5.75% 5.75% 5.75%
2026-10-21 06:30 AM Interest Rate Decision 5.75% 5.75% 6% 6%
2026-11-18 07:30 AM Interest Rate Decision 5.75% 6%
2026-12-16 07:30 AM Interest Rate Decision


Related Last Previous Unit Reference
Cash Reserve Ratio 7.00 9.00 percent Oct 2026
Deposit Facility Rate 5.00 4.75 percent Oct 2026
Foreign Exchange Reserves 146300.00 146500.00 USD Million Sep 2026
Interbank Rate 5.46 5.46 percent Dec 2025
Interest Rate 5.75 5.75 percent Oct 2026
Lending Facility Rate 6.50 6.50 percent Oct 2026
Loan Growth YoY 13.26 13.65 percent Sep 2026
Loans to Private Sector 7800828.00 7742567.00 IDR Billion Aug 2026
Money Supply M0 1222488.00 1206070.00 IDR Billion Aug 2026
Money Supply M1 3333898.00 3311077.00 IDR Billion Aug 2026
M2 Money Supply YoY 10587900.00 10448100.00 IDR Billion Sep 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
Indonesia Unexpectedly Holds Rates, Hikes DFR, Cuts RRR
Bank Indonesia (BI) unexpectedly maintained its key interest rate at 5.75% for the fourth straight meeting on October 21, despite renewed pressure on the currency recently, defying expectations of a 25 bps hike. BI also kept the rate on its lending facility at 6.5% but raised the overnight deposit facility rate (DFR) by 25 bps to 5%. BI lowered banks’ reserve requirement ratio (RRR) to 7% from 9% for conventional banks and to 5.5% from 7.5% for Islamic banks. However, BI remained focused on keeping inflation within its target range while supporting GDP growth. BI raised rates by a total of 100 bps in May and June combined, bringing the policy rate to its highest level since April 2025 to attract foreign inflows and shore up the rupiah. The annual inflation rate accelerated to a three-month high of 3.28% in September, while core inflation eased to 2.84%. BI expects inflation to remain within its 2.5% ± 1% target range and has maintained its GDP growth forecast of 4.9%–5.7% for 2026.
2026-10-21
Bank Indonesia Keeps Rates Steady for 3rd Month
Bank Indonesia (BI) maintained its key interest rate at 5.75% for the third straight meeting at its September 23 meeting, as expected, as the rupiah strengthened recently, boosted by capital inflows after volatility in the first half of the year. The decision underscored the central bank's concerns about rupiah stability under newly appointed Governor Destry Damayanti, while keeping inflation within the target range and supporting GDP growth. BI has raised rates by a total of 100 bps in May and June combined, bringing the policy rate to its highest level since April 2025 to attract foreign inflows and shore up the rupiah. The annual inflation rate accelerated to 3.19% in August but remained within BI's 1.5%–3.5% target range. BI expects inflation to remain within the government's 2.5% ± 1% target range and has maintained its GDP growth forecast of 4.9%–5.7% for 2026. BI also kept the rates on its overnight deposit facility and lending facility unchanged at 4.75% and 6.5%, respectively.
2026-09-23
Indonesia Leaves Rates as Expected
Bank Indonesia (BI) kept its key interest rate at 5.75% for the second straight meeting at its August 19 meeting, as expected, following a 50-bps hike in June to shore up the rupiah, which has strengthened recently. The decision came amid concerns about the central bank's independence from political influence following Perry Warjiyo's sudden resignation as BI chief last month and the appointment of Senior Deputy Governor Destry Damayanti as interim chief. BI 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. The annual inflation rate eased to 2.88% in July, remaining within BI's 1.5%–3.5% target range. BI expects inflation to remain within the government's 2.5% ± 1% target range and has maintained its GDP growth forecast of 4.9%–5.7% for 2026. BI also left the rates on its overnight deposit facility and lending facility unchanged at 4.75% and 6.5%, respectively.
2026-08-19