Indonesia Interest Rate 2005-2014 | Data | Chart | Calendar | Forecast

The benchmark interest rate in Indonesia was last recorded at 7.50 percent. Interest Rate in Indonesia averaged 7.71 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.

   
 
 

Indonesia Interest Rate


Actual Previous Highest Lowest Dates Unit Frequency
7.50 7.50 12.75 5.75 2005 - 2014 Percent Daily
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. Content for - Indonesia Interest Rate - was last refreshed on Sunday, October 26, 2014.


Indonesia Leaves Rates on Hold


At its October 7th meeting, Bank Indonesia’s left the benchmark interest rate steady at 7.5 percent, saying the current policy stance is consistent with the inflation target. Policymakers left rate unchanged for the eleventh straight meeting, as widely expected.

The lending facility rate and the deposit facility rate were also left on hold at 7.5 percent and 5.75 percent, respectively.

Excerpt from the statement by the Bank Indonesia:

Such policy is consistent with efforts to control inflation towards its target corridor of 4.5±1% in 2014 and 4.0±1% in 2015, as well as to reduce the current account deficit to a more sustainable level. Although macroeconomic and financial system stability remain benign, Bank Indonesia maintains vigilance of several risks that emerge from domestic and external, such as contagion risk stemming from the normalization of the Federal Reserve policy as well as possibilities for adjustment of administered prices. To that end, Bank Indonesia will continue to strengthen its monetary and macroprudential policy mix in order to ensure the preserve macroeconomic and financial system stability that supports economic sustainability. Furthermore, Bank Indonesia will also strengthen policy coordination with the government to control inflation and reduce the current account deficit, in order to ensure a smooth economic rebalancing process so that sustainable economic growth could be maintained.


Bank Indonesia | Joana Taborda | joana.taborda@tradingeconomics.com
10/7/2014 12:17:57 PM


Recent Releases

Indonesia Leaves Monetary Policy Unchanged
At its September 11th, 2014 meeting, Indonesia’s central bank left the benchmark interest rate on hold at 7.5 percent for the tenth straight meeting. The lending facility rate and the deposit facility rate were also left on hold at 7.5 percent and 5.75 percent, respectively. Published on 2014-09-11

Indonesia Maintains Rates on Hold
At its August 14th meeting, Bank Indonesia maintained its benchmark interest rate unchanged at 7.5 percent for the ninth consecutive month, as the current policy stance remained in line with efforts to bring inflation to the target range and lowered the current account deficit. Published on 2014-08-14


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-07-10 09:00 AM Indonesia
Interest Rate Decision
7.5% 7.5% 7.5% 7.5%
2014-08-14 07:00 AM Indonesia
Interest Rate Decision
7.5% 7.5% 7.5% 7.5%
2014-09-11 09:30 AM Indonesia
Interest Rate Decision
7.5% 7.5% 7.5% 7.5%
2014-10-07 11:10 AM Indonesia
Interest Rate Decision
7.5% 7.5% 7.5% 7.5%
2014-11-13 09:00 AM Indonesia
Interest Rate Decision
7.5% 7.5%


Indonesia 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 399451.60 452862.49 452862.49 2983.00 IDR Billion [+]
Money Supply M1 896008.50 918640.30 945784.00 317.90 IDR Billion [+]
Money Supply M2 3887553.80 3889672.80 3889672.80 5156.00 IDR Billion [+]
Foreign Exchange Reserves 111164.46 111223.46 124637.75 27404.30 USD Million [+]
Loans to Private Sector 3113403.00 3041140.00 3113403.00 286724.00 IDR Billion [+]
Loan Growth 13.50 15.00 90.50 -59.90 Percent [+]