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

The benchmark interest rate in Indonesia was last recorded at 7.75 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.

      Forecast    
Indonesia Interest Rate


Actual Previous Highest Lowest Dates Unit Frequency
7.75 7.75 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 Friday, January 30, 2015.


Indonesia Keeps Monetary Policy Unchanged


Bank Indonesia left its benchmark interest rate on hold at 7.75 percent during the meeting held on January 15th, as policymakers are confident that inflation will remain under control between 3 to 5 percent in 2015.

The lending facility and the deposit facility rate also stay unchanged at 8.0 percent and 5.75 percent respectively.

Excerpt from the statement by Bank Indonesia:

An overall assessment of domestic economic performance in 2014 along with the outlook for 2015 and 2016 indicate that the interest rate policy is consistent with efforts to control inflation towards its target corridor of 4±1 percent  in 2015 and 2016, as well as manage the current account deficit to a more sustainable level. Moving forward, the economy is expected to improve further with robust domestic growth and maintained stability, supported by global recovery momentum.

The economy achieved 5.1 percent growth in 2014, decelerating from 5.8 percent  in 2013. Domestic moderation was the result of declining exports due to weaker demand and low commodity prices as well as policy to restrict exports of unrefined minerals. Despite the decline of exports, manufacturing exports surged in line with the US recovery. On domestic demand side, however, the slowdown was attributed to limited government consumption as budget cuts took effect. Meanwhile, investment activity also experienced limited growth. Persistently robust economic growth was maintained by solid household consumption. In 2015, stronger economic growth is forecasted, namely in the 5.4-5.8 percent range.
 
Moving ahead, current account deficit is expected to improve. The decreasing international oil price and government subsidy reforms will improve the oil and gas account. In contrast, expanding non-oil/gas imports, as the government ramps up infrastructure projects, could potentially stifle improvements in the current account deficit. In terms of the capital and financial account, solid economic fundamentals due to ongoing structural reforms will attract capital inflows.

Bank Indonesia l Rida Husna l rida@tradingeconomics.com
1/15/2015 2:16:21 PM


Recent Releases

Indonesia Leaves Monetary Policy Unchanged
Indonesia’s central bank left its key policy rate steady at 7.75 percent in December after 25bps hike last month despite rise in inflation. Published on 2014-12-11

Indonesia Raises Rates
Bank Indonesia decided to increase the benchmark interest rate by 25 bps to 7.75 percent at an extraordinary meeting, aiming to contain inflationary pressures after the government raised fuel prices more than 30 percent. Published on 2014-11-18


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-11-18 10:35 AM
Interest Rate Decision 
7.75% 7.5%
2014-12-11 09:10 AM
Interest Rate Decision 
7.75% 7.75% 7.75% 7.75%
2015-01-15 10:45 AM
Interest Rate Decision 
7.75% 7.75% 7.75% 7.75%
2015-02-17 09:00 AM
Interest Rate Decision 
7.75% 7.75%
2015-03-17 09:00 AM
Interest Rate Decision 
7.75%
2015-04-14 09:00 AM
Interest Rate Decision 
7.75%


Indonesia Money Last Previous Highest Lowest Unit
Interest Rate 7.75 7.75 12.75 5.75 percent [+]
Interbank Rate 6.01 5.80 89.80 1.17 percent [+]
Money Supply M0 405706.19 396113.67 452862.49 2983.00 IDR Billion [+]
Money Supply M1 955547.10 943074.00 955626.00 317.90 IDR Billion [+]
Money Supply M2 4076294.20 4025719.00 4081351.00 5156.00 IDR Billion [+]
Foreign Exchange Reserves 111861.59 111143.55 124637.75 27404.30 USD Million [+]
Loans to Private Sector 3245380.00 3215366.00 3245380.00 286724.00 IDR Billion [+]
Loan Growth 11.70 12.40 90.50 -59.90 percent [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.50 Dec/14 2.50 17.50 2.50 percent [+]
Brazil 12.25 Jan/15 11.75 45.00 7.25 percent [+]
Canada 0.75 Jan/15 1.00 16.00 0.25 percent [+]
China 5.60 Dec/14 5.60 10.98 5.31 percent [+]
Euro Area 0.05 Jan/15 0.05 4.75 0.05 percent [+]
France 0.05 Jan/15 0.05 4.75 0.05 percent [+]
Germany 0.05 Jan/15 0.05 4.75 0.05 percent [+]
India 7.75 Jan/15 8.00 14.50 4.25 percent [+]
Indonesia 7.75 Jan/15 7.75 12.75 5.75 percent [+]
Italy 0.05 Jan/15 0.05 4.75 0.05 percent [+]
Japan 0.00 Jan/15 0.00 9.00 0.00 percent [+]
Mexico 3.00 Jan/15 3.00 9.25 3.00 percent [+]
Netherlands 0.05 Jan/15 0.05 4.75 0.05 percent [+]
Russia 17.00 Dec/14 9.50 17.00 5.00 percent [+]
South Korea 2.00 Jan/15 2.00 5.25 2.00 percent [+]
Spain 0.05 Jan/15 0.05 4.75 0.05 percent [+]
Switzerland -0.75 Jan/15 -0.25 3.50 -0.75 percent [+]
Turkey 7.75 Jan/15 8.25 500.00 4.50 percent [+]
United Kingdom 0.50 Aug/15 0.50 17.00 0.50 percent [+]
United States 0.25 Jan/15 0.25 20.00 0.25 percent [+]