The Bank Indonesia cut its benchmark deposit facility rate by 25bps to 3.5 percent on June 18th 2020, in line with market forecasts.
Deposit Interest Rate in Indonesia averaged 8.41 percent from 1998 until 2020, reaching an all time high of 56 percent in June of 1998 and a record low of 3 percent in December of 2007. This page includes a chart with historical data for Deposit Interest Rate in Indonesia. Indonesia Deposit Facility Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Bank Indonesia
Deposit Interest Rate in Indonesia is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Deposit Interest Rate in Indonesia to stand at 3.50 in 12 months time. In the long-term, the Indonesia Deposit Facility Rate is projected to trend around 3.50 percent in 2021 and 4.00 percent in 2022, according to our econometric models.