The central bank of Indonesia left its key reverse repurchase rate unchanged at a record low of 3.75 percent on December 17th 2020, in line with forecasts and following a 25bps cut in the previous meeting. In 2020 the central bank lowered the borrowing cost five times, cutting the main rate by a cumulative 125bps, in an attempt to support the economy after the coronavirus-hit. The deposit facility rate (3 percent) and the lending facility rate (4.5 percent) were also left on hold. source: Bank Indonesia

Interest Rate in Indonesia averaged 6.80 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 December 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.

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Indonesia Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.75 3.75 12.75 3.75 2005 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2020-09-17 07:30 AM 4% 4% 4% 4.00%
2020-10-13 07:30 AM 4% 4% 4% 4%
2020-11-19 07:30 AM 3.75% 4% 4% 4%
2020-12-17 07:30 AM 3.75% 3.75% 3.75% 3.75%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Indonesia Leaves Key Rate at Record Low
The central bank of Indonesia left its key reverse repurchase rate unchanged at a record low of 3.75 percent on December 17th 2020, in line with forecasts and following a 25bps cut in the previous meeting. In 2020 the central bank lowered the borrowing cost five times, cutting the main rate by a cumulative 125bps, in an attempt to support the economy after the coronavirus-hit. The deposit facility rate (3 percent) and the lending facility rate (4.5 percent) were also left on hold.
2020-12-17
Indonesia Unexpectedly Trims Interest Rates
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.
2020-11-19
Indonesia Leaves Key Rates Steady
Bank Indonesia held its 7-day reverse repurchase rate at 4 percent during its October 2020 meeting, in line with market expectations, and aiming to maintain the rupiah stable amid low inflation and ensure liquidity provision. The overnight deposit and lending rates, were also kept steady at 3.25% and 4.75%, respectively.
2020-10-13
Bank Indonesia Holds Rates for 2nd Month
Bank Indonesia held its 7-day reverse repurchase rate at 4 percent during its September meeting, leaving borrowing costs unchanged for a second time, as policymakers aim to maintain the rupiah stable and to support growth amid the coronavirus crisis. At the same time, the central bank announced an extension to the easing on reserve requirement to June 2021 to banks lending to small businesses.
2020-09-17

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.