The Bank of Indonesia kept its key 7-day reverse repurchase rate steady at a record low of 3.5% at the June 23rd, 2022 meeting, in line with market forecasts, saying it was still monitoring growing inflation risks and would adjust monetary policy accordingly. The Governor mentioned that inflation may be slightly above target this year to 4.2% by year-end, adding that authorities had taken measures to contain imported inflationary pressures. He added that roughly IDR 119 trillion have been absorbed from the money supply since the minimum statutory reserve requirement in Rupiah for BUK (Conventional Commercial Banks) was raised to 6% on June 1st. The annual inflation rate rose to 3.55% in May, the highest since December 2017, but still below the central bank target ceiling of 4%. The committee left the overnight deposit facility and lending facility rates unchanged at 2.75% and 4.25%. source: Bank Indonesia

Interest Rate in Indonesia averaged 6.51 percent from 2005 until 2022, 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 2022.

Interest Rate in Indonesia is expected to be 3.75 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 4.25 percent in 2023, according to our econometric models.

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Indonesia Interest Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-04-19 07:30 AM 3.5% 3.5% 3.5% 3.5%
2022-05-24 07:30 AM 3.5% 3.5% 3.5% 3.5%
2022-06-23 07:20 AM 3.5% 3.5% 3.5% 3.75%
2022-07-21 07:30 AM 3.5%
2022-08-23 07:30 AM
2022-09-22 07:30 AM


Related Last Previous Unit Reference
Interest Rate 3.50 3.50 percent Jun 2022
Interbank Rate 3.75 3.75 percent Jul 2022
Money Supply M0 764911.68 831139.61 IDR Billion Jan 2022
Money Supply M1 2114754.20 2071418.80 IDR Billion Nov 2021
Money Supply M2 7854800.00 7911300.00 IDR Billion May 2022
Foreign Exchange Reserves 135600.00 135700.00 USD Million May 2022
Loans to Private Sector 5055398.00 5161991.00 IDR Billion Jan 2022
Deposit Interest Rate 2.75 2.75 percent Jun 2022
Cash Reserve Ratio 6.00 5.00 percent Jun 2022
Lending Rate 4.25 4.25 percent Jun 2022
Loan Growth 9.00 9.10 percent May 2022

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
3.50 3.50 12.75 3.50 2005 - 2022 percent Daily

News Stream
Indonesia Held Key Rates Unchanged, as Expected
The Bank of Indonesia kept its key 7-day reverse repurchase rate steady at a record low of 3.5% at the June 23rd, 2022 meeting, in line with market forecasts, saying it was still monitoring growing inflation risks and would adjust monetary policy accordingly. The Governor mentioned that inflation may be slightly above target this year to 4.2% by year-end, adding that authorities had taken measures to contain imported inflationary pressures. He added that roughly IDR 119 trillion have been absorbed from the money supply since the minimum statutory reserve requirement in Rupiah for BUK (Conventional Commercial Banks) was raised to 6% on June 1st. The annual inflation rate rose to 3.55% in May, the highest since December 2017, but still below the central bank target ceiling of 4%. The committee left the overnight deposit facility and lending facility rates unchanged at 2.75% and 4.25%.
2022-06-23
Indonesia Holds Key Rate at Record Low
The Bank of Indonesia kept its key 7-day reverse repurchase rate steady at a record low of 3.5% on May 24, 2022, as widely expected, but tightened reserve requirements for lenders to support Southeast Asia's largest economy without derailing the economy's comeback from the pandemic-induced blow. The minimum statutory reserve requirement in Rupiah for BUK (Conventional Commercial Banks), which currently stands at 5.0%, will increase to 6.0% starting June 1, 2022, 7.5% on July 1, 2022, and 9.0% starting September 1, 2022. The annual inflation rate rose to 3.74% in April, the highest since August 2019, but still well below the central bank target ceiling of 4%. However, the board noted that it sees price gains breaking its upper tolerance limit this year before returning to the target in 2023. The committee left the overnight deposit facility and lending facility rates unchanged at 2.75% and 4.25%.
2022-05-24
Indonesia Leaves Rates Unchanged, as Expected
The Bank of Indonesia kept its key 7-day reverse repurchase rate steady at a record low of 3.5% on April 19th of 2022, as widely expected, to support the economic recovery, although it recognized risks from rising inflation. The annual inflation rate rose to 2.64% in March, still well below the central bank target ceiling of 4%, contrasting with other southeast asian countries due to government fuel price subsidies and intervention in cooking oil prices. On the other hand, the surge in commodity prices augured well for the country’s exports, improving its external trade account, which has supported the rupiah against a stronger dollar. The board also left the overnight deposit facility and lending facility rates unchanged at 2.75% and 4.25%, respectively. Looking ahead, Bank Indonesia cuts the nation’s growth forecasts to 4.5-5.3%, from 4.7-5.5% previously, citing the impact of the war in Ukraine on global trade and global commodity prices, as well as domestic restrictions on exports.
2022-04-19