Indonesia Interest Rate 2005-2017 | Data | Chart | Calendar | Forecast

The central bank of Indonesia left its benchmark repo rate unchanged at 4.25 percent on December 14th 2017, in line with market expectations, saying it aims to maintain macroeconomic stability and support the domestic economic recovery. The lending and the deposit facility rates were also left steady at 5 percent and 3.5 percent respectively. Interest Rate in Indonesia averaged 7.27 percent from 2005 until 2017, 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 Keeps Rates on Hold


The central bank of Indonesia left its benchmark repo rate unchanged at 4.25 percent on December 14th 2017, in line with market expectations, saying it aims to maintain macroeconomic stability and support the domestic economic recovery. The lending and the deposit facility rates were also left steady at 5 percent and 3.5 percent respectively.

Excerpts from the Bank Indonesia Press Release:

The policy is consistent with efforts to maintain macroeconomic and financial system stability, while also building domestic economic recovery momentum by considering the latest global and national economic dynamics. Bank Indonesia perceives the previous easing of monetary policy as sufficient to continue driving the economic recovery process against a backdrop of increasingly robust macroeconomic stability. Looking forward, Bank Indonesia will remain vigilant of the global risks associated with the monetary policy normalisation in several advanced countries and the geopolitical risks, as well as corporate consolidation at home along with the suboptimal bank intermediation function. Furthermore, Bank Indonesia shall continue to improve it mix of monetary policy, macroprudential policy and payment system policy to strike an optimal balance between macroeconomic and financial system stability and the ongoing economic recovery process. In addition, Bank Indonesia will also strengthen policy coordination in conjunction with the Government in order to preserve macroeconomic and financial system stability. Bank Indonesia currently believes that amidst the global economic gains and domestic economic stability achieved lies an opportunity to build stronger and more sustainable domestic economic momentum through consistent structural reforms.

National economic growth is projected at 5.10% (yoy) for 2017, increased from 5.02% (yoy) in 2016. The Bank Indonesia projects economic growth in 2018 at 5.1-5.5% (yoy).

Looking ahead, Bank Indonesia projects a slightly wider current account deficit in 2018 due to the ongoing domestic economic recovery but remaining at a healthy level of 2.0-2.5% of GDP.

Inflation is maintained at the low level of 3.5% (yoy), which is still within the inflation target of 4.0±1% for 2017. Bank Indonesia projects low and controlled inflation in 2018 within the new target corridor of 3.5±1%.

Bank Indonesia | Joana Taborda |
12/14/2017 4:33:25 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-10-19 10:30 AM Interest Rate Decision 4.25% 4.25% 4.25% 4.25%
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 09:00 AM Interest Rate Decision 4.25%
2018-02-15 10:30 AM Interest Rate Decision
2018-03-15 11:00 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 5.31 57.79 4.19 percent [+]
Money Supply M0 519865.96 523488.40 561856.55 2983.00 IDR Billion [+]
Money Supply M1 1325730.60 1304500.00 1395312.30 317.90 IDR Billion [+]
Money Supply M2 5283290.30 5252800.00 5283290.30 5156.00 IDR Billion [+]
Foreign Exchange Reserves 125967.23 126547.00 129402.00 27404.30 USD Million [+]
Loans to Private Sector 4092433.00 4073661.00 4092433.00 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 8.20 7.90 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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
4.25 4.25 12.75 4.25 2005 - 2017 percent Daily




interest rate by Country
Country Last
Turkey 8.00 Dec/17
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 Dec/17
Australia 1.50 Dec/17
South Korea 1.50 Nov/17
United States 1.50 Dec/17
Canada 1.00 Dec/17
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 Oct/17
Switzerland -0.75 Dec/17