The Bank of Indonesia kept its key 7-day reverse repurchase rate unchanged at a record low of 3.5% on July 22nd, 2021, as widely expected. The overnight deposit facility and lending facility rates were also left unchanged at 2.75% and 4.25%, respectively. The central bank aims to continue to support the economic recovery from the pandemic shortfall, while maintaining stability at the exchange rate and financial system levels, amid a low inflation outlook. The economic recovery from the pandemic continued during the Q2, mainly driven by exports, fiscal spending, and non-construction investment. However, the recovery is seen slowing in Q3 as COVID-19 cases and deaths peaked to record highs during July and restrictions continued to weigh down on business activity. The central bank downwardly revised 2021 growth forecasts to between 3.5% and 4.3%, from a prior range of 4.1% to 5.1%. At the same time, inflation is seen within the 2% to 4% target range. source: Bank Indonesia

Interest Rate in Indonesia averaged 6.68 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 July 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.

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Indonesia Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.50 3.50 12.75 3.50 2005 - 2021 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2021-04-20 07:30 AM 3.5% 3.5% 3.5% 3.5%
2021-05-25 07:30 AM 3.5% 3.5% 3.5% 3.5%
2021-06-17 07:30 AM 3.5% 3.5% 3.5% 3.5%
2021-07-22 07:30 AM 3.5% 3.5% 3.5% 3.5%
2021-08-19 07:30 AM 3.5%
2021-09-21 07:30 AM
2021-10-21 07:30 AM
2021-11-18 07:30 AM


News Stream
Indonesia Leaves Key Rates Unchanged
The Bank of Indonesia kept its key 7-day reverse repurchase rate unchanged at a record low of 3.5% on July 22nd, 2021, as widely expected. The overnight deposit facility and lending facility rates were also left unchanged at 2.75% and 4.25%, respectively. The central bank aims to continue to support the economic recovery from the pandemic shortfall, while maintaining stability at the exchange rate and financial system levels, amid a low inflation outlook. The economic recovery from the pandemic continued during the Q2, mainly driven by exports, fiscal spending, and non-construction investment. However, the recovery is seen slowing in Q3 as COVID-19 cases and deaths peaked to record highs during July and restrictions continued to weigh down on business activity. The central bank downwardly revised 2021 growth forecasts to between 3.5% and 4.3%, from a prior range of 4.1% to 5.1%. At the same time, inflation is seen within the 2% to 4% target range.
2021-07-22
Indonesia Holds Rates as Expected
The Bank Indonesia kept its key 7-day reverse repurchase rate unchanged at a record low of 3.5% on June 17th 2021, where it has been since its meeting in February, as widely expected. The decision reflects the Bank's commitment to supporting the domestic recovery as Covid-19 cases rise and forecasts for low inflation, while also maintaining the stability of the rupiah in response to volatility in global financial markets. Governor Perry Warjiyo repeated a pledge to keep interest rates low and liquidity abundant until inflationary pressures emerge, which he expects to happen in early 2022 at the earliest. The overnight deposit facility and lending facility rates were also left at 2.75% and 4.25%, respectively. The central bank maintained its growth forecast for 2021 at 4.1% to 5.1%. At the same time, inflation is seen within the 2% to 4% target range.
2021-06-17
Indonesia Leaves Monetary Policy Unchanged
The Bank Indonesia kept its key 7-day reverse repurchase rate unchanged at a record low of 3.5% on May 25th 2021, in line with market expectations. Policymakers said the decision is consistent with efforts to support the domestic recovery and forecasts for low inflation and signalled the bank would maintain the current stance until at least the end of the year, from when inflation pressure is expected to emerge. Concomitantly, the decision remains appropriate to ensure stability in financial markets as the rupiah comes under fresh pressure amid capital outflows. The central bank also left the overnight deposit facility and lending facility rates unchanged at 2.75% and 4.25%, respectively. The central bank maintained its growth forecast for 2021 at 4.1% to 5.1%. At the same time, inflation is seen within the 2% to 4% target range.
2021-05-25
Indonesia Holds Rates as Expected
The Bank Indonesia kept its key 7-day reverse repurchase rate unchanged at a record low of 3.5% 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.
2021-04-20

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.