Bank Indonesia reduced its deposit facility rate by 25bps to 4.50 percent during its September meeting, in an attempt to boost economic growth amid low inflation expectations. Deposit Interest Rate in Indonesia averaged 8.56 percent from 1998 until 2019, reaching an all time high of 56 percent in June of 1998 and a record low of 3 percent in December of 2007.
Deposit Interest Rate in Indonesia is expected to be 4.75 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 4.50 in 12 months time. In the long-term, the Indonesia Deposit Facility Rate is projected to trend around 4.50 percent in 2020, according to our econometric models.