Indonesia Interest Rate

The benchmark interest rate in Indonesia was last recorded at 7.50 percent. Interest Rate in Indonesia averaged 7.72 Percent from 2005 until 2014, reaching an all time high of 12.75 Percent in December of 2005 and a record low of 5.75 Percent in February of 2012. Interest Rate in Indonesia is reported by the Bank Indonesia.

   
 
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Indonesia Interest Rate


Actual Previous Highest Lowest Dates Unit Frequency
7.50 7.50 12.75 5.75 2005 - 2014 Percent Monthly
In Indonesia the interest rate decisions are taken by The Central Bank of Republic of Indonesia. The official interest rate is the Discount rate. 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. This page provides - Indonesia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.


Indonesia Keeps Rates Steady


At its July 10th, 2014 meeting, Bank Indonesia left the benchmark interest rate on hold at 7.5 percent, as the current policy stance remains appropriate to steer inflation to the target range and lower the current account deficit.

The deposit facility and the lending facility rate were also left unchanged at 5.75 percent and 7.50 percent, respectively.

The central bank targets the inflation rate at 4.5 percent plus or minus 1 percent for 2014 and 4 percent plus or minus 1 percent for 2015. In June, the inflation rate slowed to 6.9 percent, the lowest rate in twelve months.

Later in July, the central bank Governor said that the current account deficit could reach 4 percent of the GDP in the second quarter of this year. In 2013, the country’s current account gap widened to 3.3 percent of the GDP, due to a falling rupiah. 

Joana Taborda | joana.taborda@tradingeconomics.com
7/10/2014 11:20:21 AM


Recent Releases

Indonesia Leaves Rates on Hold
At its June 12th, 2014 meeting, Bank Indonesia left the benchmark interest rate unchanged at 7.5 percent for the seventh straight meeting. The deposit facility and the lending facility rate were also left unchanged at 5.75 percent and 7.50 percent, respectively. Published on 2014-06-12

Indonesia Leaves Monetary Policy Unchanged
At its May 8th, 2014 meeting, Bank Indonesia left the benchmark interest rate on hold at 7.5 percent, as widely expected. While saying the inflation remains under control, the central bank cut its 2014 growth outlook. Published on 2014-05-08


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-04-08 08:10 AM Indonesia
Interest Rate Decision
7.5% 7.5% 7.5% 7.5%
2014-05-08 09:00 AM Indonesia
Interest Rate Decision
7.5% 7.5% 7.5% 7.5%
2014-06-12 09:30 AM Indonesia
Interest Rate Decision
7.5% 7.5% 7.5% 7.5%
2014-07-10 09:00 AM Indonesia
Interest Rate Decision
7.5% 7.5% 7.5% 7.5%
2014-08-14 06:00 AM Indonesia
Interest Rate Decision
7.5% 7.5%


Money Last Previous Highest Lowest Unit
Interest Rate 7.50 7.50 12.75 5.75 Percent [+]
Interbank Rate 5.86 5.85 89.80 1.17 Percent [+]
Money Supply M0 380492.98 378491.11 399589.00 2983.00 IDR Billion [+]
Money Supply M1 945784.00 906746.00 945784.00 317.90 IDR Billion [+]
Money Supply M2 3861659.00 3784861.00 3861659.00 5156.00 IDR Billion [+]
Foreign Exchange Reserves 107700.00 107047.66 124637.75 27404.30 USD Million [+]
Loans to Private Sector 3041140.00 3019688.00 3041140.00 286724.00 IDR Billion [+]





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