The central bank of Indonesia cut its benchmark interest rate by 25bps to a fresh record low of 3.75 percent on November 19th 2020, compared to market expectations of no changes. Policymakers cut borrowing costs for the 5th time this year by a total of 125bps, aiming to support the economy after the coronavirus-hit. The deposit facility and lending facility rates were also lowered by 25bps to 3 percent and 4.5 percent, respectively. The central bank reinforced its commitment to provide liquidity and making sure rupiah levels reflect the fundamentals of the economy. source: Bank Indonesia
Interest Rate in Indonesia averaged 6.82 percent from 2005 until 2020, reaching an all time high of 12.75 percent in December of 2005 and a record low of 3.75 percent in November of 2020. 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 November of 2020.
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. Looking forward, we estimate Interest Rate in Indonesia to stand at 4.00 in 12 months time. In the long-term, the Indonesia Interest Rate is projected to trend around 4.00 percent in 2021 and 4.25 percent in 2022, according to our econometric models.