The Bank Indonesia kept its key 7-day reverse repurchase rate unchanged at a record low of 3.75% on April 20th 2021, in line with market expectations. The decision reflects the Bank's commitment to supporting the domestic recovery amid low inflation while maintaining the stability of the rupiah which continues to be hit by the volatility in global financial markets. Both the deposit and lending facility rates were left on hold at 2.75% and 4.25%, respectively. The central bank also revised lower its growth forecasts for 2021 to 4.1-5.1% from 4.3-5.3% previously, despite the stronger than anticipated global economic recovery source: Bank Indonesia
Interest Rate in Indonesia averaged 6.74 percent from 2005 until 2021, reaching an all time high of 12.75 percent in December of 2005 and a record low of 3.50 percent in February of 2021. 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 April of 2021.
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 Interest Rate in Indonesia to stand at 3.50 in 12 months time. In the long-term, the Indonesia Interest Rate is projected to trend around 4.00 percent in 2022 and 4.25 percent in 2023, according to our econometric models.