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

The central bank of Indonesia left its benchmark 7-day reverse repo rate unchanged at 4.25 percent for the seventh straight meeting on April 19th 2018, in line with market expectations. Policymakers said the current policy stance is consistent with efforts to maintain macroeconomic and financial stability amid rising external pressures. The central bank named uncertainties in world financial markets, rising oil prices, and the possibility of a continuing US-China trade war as main global risks. Both growth (5.1-5.5 percent) and inflation (3.5 ± 1 percent) forecasts for 2018 were kept unchanged. The lending and the deposit facility rates were also left steady at 5 percent and 3.5 percent respectively. Interest Rate in Indonesia averaged 7.19 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 Leaves Monetary Policy Unchanged


The central bank of Indonesia left its benchmark 7-day reverse repo rate unchanged at 4.25 percent for the seventh straight meeting on April 19th 2018, in line with market expectations. Policymakers said the current policy stance is consistent with efforts to maintain macroeconomic and financial stability amid rising external pressures.

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 as external pressures begin to build. Bank Indonesia considers the previous measures taken to ease monetary policy, supported by macroprudential and payment system policies, adequate to boost domestic economic recovery momentum. Moving forward, Bank Indonesia will remain focus on maintaining economic stability as the foundation of robust and sustainable economic growth. Nevertheless, several risks continue to demand vigilance, including external risks in the form of global financial market uncertainty, the rising of oil price and possible furtherance of the US-China trade war. To that end, Bank Indonesia continues to optimise the mix of monetary, macroprudential and payment system policies to strike an optimal balance between macroeconomic stability, financial system stability and the current domestic economic recovery process. In addition, Bank Indonesia also constantly strengthens policy coordination with the Government to maintain macroeconomic and financial system stability, while enhancing structural reforms.

Bank Indonesia projects domestic economic growth in 2018 in the 5.1-5.5% (yoy) range.

Moving forward, as domestic economic growth accelerates, the current account deficit is projected at 2.0-2.5% of GDP in 2018, which is under control and remaining within a safe threshold of not more than 3% of GDP.

Inflation is projected to remain within the target corridor of 3.5±1% in 2018.


Joana Taborda |
4/19/2018 2:21:42 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-02-15 09:35 AM Interest Rate Decision 4.25% 4.25% 4.25% 4.25%
2018-03-22 09:50 AM Interest Rate Decision 4.25% 4.25% 4.25% 4.25%
2018-04-19 12:30 PM Interest Rate Decision 4.25% 4.25% 4.25% 4.25%
2018-05-17 10:00 AM Interest Rate Decision 4.25% 4.25%
2018-06-28 10:00 AM Interest Rate Decision 4.25%
2018-07-19 10:00 AM Interest Rate Decision 4.25%


Indonesia Money Last Previous Highest Lowest Unit
Interest Rate 4.25 4.25 12.75 4.25 percent [+]
Interbank Rate 6.22 5.76 57.79 4.19 percent [+]
Money Supply M0 531209.28 532131.61 586579.57 2983.00 IDR Billion [+]
Money Supply M1 1351300.00 1325936.40 1390670.70 317.90 IDR Billion [+]
Money Supply M2 5394900.00 5351700.00 5418998.20 5156.00 IDR Billion [+]
Foreign Exchange Reserves 126003.20 128058.65 131979.64 27404.30 USD Million [+]
Loans to Private Sector 4182273.00 4153903.00 4237397.00 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 8.54 8.20 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 April 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 Apr/18
Mexico 7.50 Apr/18
Russia 7.25 Apr/18
Brazil 6.50 Mar/18
India 6.00 Apr/18
China 4.35 Mar/18
Indonesia 4.25 Apr/18
United States 1.75 Apr/18
Australia 1.50 Apr/18
South Korea 1.50 Apr/18
Canada 1.25 Apr/18
United Kingdom 0.50 Mar/18
Euro Area 0.00 Apr/18
France 0.00 Apr/18
Germany 0.00 Apr/18
Italy 0.00 Apr/18
Netherlands 0.00 Apr/18
Spain 0.00 Apr/18
Japan -0.10 Apr/18
Switzerland -0.75 Mar/18


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