Indonesia Interest Rate 2005-2015 | Data | Chart | Calendar | Forecast

The benchmark interest rate in Indonesia was last recorded at 7.50 percent. Interest Rate in Indonesia averaged 7.70 percent from 2005 until 2015, 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.

     Forecast  
Indonesia Interest Rate


Actual Previous Highest Lowest Dates Unit Frequency
7.50 7.50 12.75 5.75 2005 - 2015 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 Tuesday, April 28, 2015.


Indonesia Leaves Monetary Policy Unchanged


The Bank Indonesia left its benchmark interest rate on hold at 7.5 percent at its April 2015 meeting, saying current policy stance is consistent with bringing inflation to target and controlling current account gap.

The decision was widely expected by markets. The lending facility and the deposit facility rate were also left unchanged at 8.0 percent and 5.5 percent respectively.

In November last year, the central bank raised the benchmark interest rate by 25 bps to 7.75 percent aiming to contain the inflation after the government increased fuel prices more than 30 percent. However, it cut it back to 7.5 percent in February 2015.

Excerpts from the statement by the Bank Indonesia:

This decision is in line with the ongoing efforts to keep inflation within the target of 4±1% for 2015 and 2016, and to control current account deficit towards a healthier level at 2.5-3% of GDP in the medium term. Bank Indonesia will remain vigilant of domestic and external risks; while consistently strengthen the monetary and macroprudential policy mix, which includes stabilizing the rupiah to maintain macroeconomic and financial system stability. Furthermore, coordination with the Government will also be strengthened to control inflation and the current account deficit as well as to accelerate structural reforms. To this end, Bank Indonesia supports government-led measures to reinforce macroeconomic stability by continuing a variety of structural reforms, including efforts to improve the current account position and expedite various infrastructure projects to stimulate sustainable growth.

From a domestic standpoint, first-quarter growth in Indonesia was moderate, with a rebound forecasted in the second quarter of 2015. Consumption was expected strong in the first quarter, while investment and exports indicated a slowdown. A surge in private consumption due to controlled inflation helped maintain a strong consumption. The Government expenditure, expected to accelerate growth, was anticipated to grow, albeit limited, in line with seasonal trends at the beginning of the year and will increase starting the second quarter of 2015. Exports continued to contract, despite early signs of improvement, in line with low commodity prices and sluggish global demand, particularly for manufactured products. Investment growth was stifled but is projected to pick up in the second quarter of 2015 and thereafter as government capital spending on infrastructure projects spikes. This is also in line with the monitoring of construction progress in various infrastructure projects. Looking ahead, there is a risk that the economy in 2015 may grow slower, nearing the lower end of the 5.4-5.8% range. This will be determined by the vast and promptness of Government infrastructure projects realization, along with resilient consumption and gradually improving exports.

Moving ahead, Bank Indonesia will consistently maintain rupiah stability in line with its fundamental value.

Bank Indonesia | Joana Taborda | joana.taborda@tradingeconomics.com
4/14/2015 11:50:49 AM


Recent Releases

Indonesia Leaves Rates on Hold
The Bank Indonesia left its benchmark interest rate steady at 7.5 percent as expected, following last month’s cut, saying current policy stance is consistent with bringing inflation to target and controlling current account gap. Published on 2015-03-17

Indonesia Cuts Main Interest Rate by 25bps
Bank Indonesia surprisingly lowered its benchmark interest rate by 25 bps to 7.5 percent in February in order to boost growth and bring inflation back to target. It is the first rate cut since 2011. Published on 2015-02-17


Calendar GMT Event Actual Previous Consensus Forecast (i)
2015-02-17 10:10 AM
Interest Rate Decision 
7.5% 7.75% 7.75% 7.75%
2015-03-17 08:20 AM
Interest Rate Decision 
7.5% 7.5% 7.5% 7.5%
2015-04-14 09:30 AM
Interest Rate Decision 
7.5% 7.5% 7.5% 7.5%
2015-05-19 09:00 AM
Interest Rate Decision 
7.5% 7.75%
2015-06-18 09:00 AM
Interest Rate Decision 
7.75%
2015-07-14 09:00 AM
Interest Rate Decision 
7.75%


Indonesia Money Last Previous Highest Lowest Unit
Interest Rate 7.50 7.50 12.75 5.75 percent [+]
Interbank Rate 6.81 5.65 89.80 1.17 percent [+]
Money Supply M0 387889.28 391294.62 452862.49 2983.00 IDR Billion [+]
Money Supply M1 927907.30 916739.00 955547.10 317.90 IDR Billion [+]
Money Supply M2 4230373.90 4107963.80 4230373.90 5156.00 IDR Billion [+]
Foreign Exchange Reserves 111553.65 115530.00 124637.75 27404.30 USD Million [+]
Loans to Private Sector 3309119.00 3272452.00 3317402.00 286724.00 IDR Billion [+]
Loan Growth 12.20 11.50 90.50 -59.90 percent [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.25 Apr/15 2.25 17.50 2.25 percent [+]
Brazil 12.75 Mar/15 12.25 45.00 7.25 percent [+]
Canada 0.75 Apr/15 0.75 16.00 0.25 percent [+]
China 5.35 Mar/15 5.60 10.98 5.31 percent [+]
Euro Area 0.05 Apr/15 0.05 4.75 0.05 percent [+]
France 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Germany 0.05 Apr/15 0.05 4.75 0.05 percent [+]
India 7.50 Apr/15 7.50 14.50 4.25 percent [+]
Indonesia 7.50 Apr/15 7.50 12.75 5.75 percent [+]
Italy 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Japan 0.00 Apr/15 0.00 9.00 0.00 percent [+]
Mexico 3.00 Mar/15 3.00 9.25 3.00 percent [+]
Netherlands 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Russia 14.00 Mar/15 15.00 17.00 5.00 percent [+]
South Korea 1.75 Apr/15 1.75 5.25 1.75 percent [+]
Spain 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Switzerland -0.75 Mar/15 -0.75 3.50 -0.75 percent [+]
Turkey 7.50 Apr/15 7.50 500.00 4.50 percent [+]
United Kingdom 0.50 Apr/15 0.50 17.00 0.50 percent [+]
United States 0.25 Mar/15 0.25 20.00 0.25 percent [+]