Bank Indonesia kept its benchmark interest rate unchanged at 4.75% for the fifth consecutive meeting in February 2026, in line with market expectations. The latest decision seeks to stabilize the rupiah amid persistent global financial volatility, while also ensuring inflation remains within its 2026–2027 target range and supporting economic growth. The rupiah remains near a record low amid investor concerns over potential downgrades by MSCI Inc. and Moody’s Ratings of the country’s equities and sovereign credit rating. Meanwhile, the annual inflation rate climbed to 3.55% in January 2026, its highest level since May 2023. Looking ahead, Bank Indonesia expects annual inflation in 2026 and 2027 to remain within the target range of 2.5% ±1%. In addition, BI maintained its economic growth forecasts at 4.7%–5.5% for 2025 and 4.9%–5.7% for 2026. The central bank also left its overnight deposit facility rate unchanged at 3.75% and its lending facility rate at 5.50%. source: Bank Indonesia

The benchmark interest rate in Indonesia was last recorded at 4.75 percent. Interest Rate in Indonesia averaged 6.33 percent from 2005 until 2026, 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 February of 2026.

The benchmark interest rate in Indonesia was last recorded at 4.75 percent. Interest Rate in Indonesia is expected to be 4.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Indonesia Interest Rate is projected to trend around 4.75 percent in 2027 and 4.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-17 07:30 AM Interest Rate Decision 4.75% 4.75% 4.75% 4.75%
2026-01-21 07:30 AM Interest Rate Decision 4.75% 4.75% 4.75% 4.75%
2026-02-19 07:30 AM Interest Rate Decision 4.75% 4.75% 4.75% 4.75%
2026-03-17 07:30 AM Interest Rate Decision 4.75%
2026-04-22 07:30 AM Interest Rate Decision
2026-05-20 07:30 AM Interest Rate Decision


Related Last Previous Unit Reference
Cash Reserve Ratio 9.00 9.00 percent Jan 2026
Deposit Facility Rate 3.75 3.75 percent Feb 2026
Foreign Exchange Reserves 154600.00 156471.00 USD Million Jan 2026
Interbank Rate 5.46 5.46 percent Dec 2025
Interest Rate 4.75 4.75 percent Feb 2026
Lending Facility Rate 5.50 5.50 percent Feb 2026
Loan Growth YoY 9.96 9.69 percent Jan 2026
Loans to Private Sector 7318439.00 7195834.00 IDR Billion Dec 2025
Money Supply M0 1214729.00 1148382.00 IDR Billion Dec 2025
Money Supply M1 3386883.00 3237684.00 IDR Billion Dec 2025
M2 Money Supply YoY 10117800.00 10133100.00 IDR Billion Jan 2026


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.
Actual Previous Highest Lowest Dates Unit Frequency
4.75 4.75 12.75 3.50 2005 - 2026 percent Daily

News Stream
Indonesia Leaves Rates Unchanged
Bank Indonesia kept its benchmark interest rate unchanged at 4.75% for the fifth consecutive meeting in February 2026, in line with market expectations. The latest decision seeks to stabilize the rupiah amid persistent global financial volatility, while also ensuring inflation remains within its 2026–2027 target range and supporting economic growth. The rupiah remains near a record low amid investor concerns over potential downgrades by MSCI Inc. and Moody’s Ratings of the country’s equities and sovereign credit rating. Meanwhile, the annual inflation rate climbed to 3.55% in January 2026, its highest level since May 2023. Looking ahead, Bank Indonesia expects annual inflation in 2026 and 2027 to remain within the target range of 2.5% ±1%. In addition, BI maintained its economic growth forecasts at 4.7%–5.5% for 2025 and 4.9%–5.7% for 2026. The central bank also left its overnight deposit facility rate unchanged at 3.75% and its lending facility rate at 5.50%.
2026-02-19
Indonesia Holds Rates as Rupiah Remains Weak
Bank Indonesia (BI) kept its benchmark interest rate at 4.75% for the 5th consecutive meeting at its January 2026 policy meeting, in line with expectations, as it sought to limit further weakness in the rupiah despite signs of slowing economic growth. The rupiah weakened by 1.53% as of January 20, 2026, compared with the end of December 2025. The central bank has delivered cumulative cuts of 150 bps since September 2024, bringing the rate to its lowest level since October 2022 to support economic growth. The decision highlights BI’s view that inflation in 2026 will remain within its target range of 2.5% ± 1%, supported by a stable rupiah and ongoing measures to sustain economic growth. BI held its GDP growth forecasts at 4.7%–5.5% for 2025 and 4.9%–5.7% for 2026. It also maintained the overnight deposit facility rate and the lending facility rate unchanged at 3.75% and 5.50%, respectively. BI still has room to resume interest rate cuts, with inflation expected to stay low this year.
2026-01-21
Indonesia Holds Rates Steady for 3rd Month
Bank Indonesia (BI) maintained its benchmark interest rate at 4.75% for the third consecutive meeting at its December 2025 policy meeting, in line with expectations and aimed at supporting the rupiah, despite signs of slowing economic growth. The decision came after cumulative cuts of 150 bps since September last year, bringing the rate to its lowest level since October 2022 to support economic growth. The decision reflects the central bank’s view that inflation in 2025–2026 will remain within the target range of 2.5% ± 1%, supported by a stable rupiah and ongoing measures to sustain economic growth. The latest data showed that GDP grew 5.04% yoy in Q3, easing from the two-year high reached in Q2, while annual inflation eased to 2.72% in November from October’s 18-month high of 2.86%. BI held its GDP growth forecasts at 4.7%–5.5% for 2025 and 4.9%–5.7% for 2026. It also kept the overnight deposit facility rate and the lending facility rate unchanged at 3.75% and 5.50%, respectively.
2025-12-17