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
Please Paste this Code in your Website

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 Saturday, May 23, 2015.

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


Indonesia Leaves Rates on Hold


The Bank Indonesia left its benchmark interest rate on hold at 7.5 percent at its May 19th meeting but said it will loosen reserve requirements to banks, aiming to boost lending.

Reserve requirements for loan-to-deposit ratio, loan-to-value for mortgages and downpayment for car and motorcycle loans will be eased. The lending facility and the deposit facility rate were left unchanged at 8.0 percent and 5.5 percent respectively.

Excerpts from the statement by the Bank Indonesia:

The decision is in line with the tight bias monetary policy to keep inflation in its target of 4±1% in 2015 and 2016 as well as to manage the current account deficit at around 2.5-3% of GDP in the medium term. To keep the economic growth momentum, Bank Indonesia has loosened macroprudential policy by revising the LDR-RR regulation, LTV policy for mortgage loans as well as down payments on automotive loans. Furthermore, Bank Indonesia will also continue to strengthen coordination with the Government not only in terms of controlling inflation and managing the current account deficit, but also by accelerating fiscal stimulus to boost economic growth. To that end, Bank Indonesia supports government-led structural reforms to expedite infrastructure projects as well as continue various structural policies, therefore fostering economic agents’ optimism in the improving domestic economic outlook.

On the domestic front, growth slowed in Q1/2015 but is predicted to improve in subsequent periods. Bank Indonesia predicts economic growth to rebound, especially in the second semester of 2015, as consumption and investment increase in line with government fiscal spending and an increase in credit distributions by the banking industry. Moving forward, an acceleration in government spending and the implementation of infrastructure projects realisation is the key catalyst for growth in 2015.

Bank Indonesia | Joana Taborda | joana.taborda@tradingeconomics.com
5/19/2015 1:46:36 PM


Recent Releases

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. Published on 2015-04-14

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 Money Last Previous Highest Lowest Unit
Interest Rate 7.50 7.50 12.75 5.75 percent [+]
Interbank Rate 5.80 6.81 89.80 1.17 percent [+]
Money Supply M0 382000.72 387889.28 452862.49 2983.00 IDR Billion [+]
Money Supply M1 957576.30 927907.30 957576.30 317.90 IDR Billion [+]
Money Supply M2 4246283.80 4230373.90 4246283.80 5156.00 IDR Billion [+]
Foreign Exchange Reserves 110867.11 111553.65 124637.75 27404.30 USD Million [+]
Loans to Private Sector 3345255.00 3309119.00 3345255.00 286724.00 IDR Billion [+]
Loan Growth 11.30 12.20 90.50 -59.90 percent [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.00 May/15 2.25 17.50 2.25 percent [+]
Brazil 13.25 Apr/15 12.75 45.00 7.25 percent [+]
Canada 0.75 Apr/15 0.75 16.00 0.25 percent [+]
China 5.10 May/15 5.35 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 May/15 7.50 12.75 5.75 percent [+]
Italy 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Japan 0.00 May/15 0.00 9.00 0.00 percent [+]
Mexico 3.00 Apr/15 3.00 9.25 3.00 percent [+]
Netherlands 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Russia 12.50 Apr/15 14.00 17.00 5.00 percent [+]
South Korea 1.75 May/15 1.75 5.25 1.75 percent [+]
Spain 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Switzerland -0.75 Apr/15 -0.75 3.50 -0.75 percent [+]
Turkey 7.50 May/15 7.50 500.00 4.50 percent [+]
United Kingdom 0.50 May/15 0.50 17.00 0.50 percent [+]
United States 0.25 Apr/15 0.25 20.00 0.25 percent [+]