Indonesia Interest Rate  2005-2017 | Data | Chart | Calendar | Forecast

Indonesia's central bank kept its benchmark interest rate on hold at 4.75 percent at its March 16th meeting, as widely expected. Policymakers said the decision was in line with efforts to maintain macroeconomic and financial stability amid increasing global uncertainty. The overnight deposit facility rate and the lending facility rate were also left on hold at 4.0 percent and 5.5 percent respectively. Interest Rate in Indonesia averaged 7.45 percent from 2005 until 2017, reaching an all time high of 12.75 percent in December of 2005 and a record low of 4.75 percent in October of 2016.

Indonesia Interest Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-01-19 09:00 AM Interest Rate Decision 4.75% 4.75% 4.75% 4.75%
2017-02-16 10:30 AM Interest Rate Decision 4.75% 4.75% 4.75% 4.75%
2017-03-16 11:00 AM Interest Rate Decision 4.75% 4.75% 4.75% 4.75%
2017-04-20 09:00 AM Interest Rate Decision 4.75% 4.75%
2017-05-18 09:00 AM Interest Rate Decision 4.75%
2017-06-15 09:00 AM Interest Rate Decision 4.75%




Indonesia Leaves Monetary Policy Unchanged


Indonesia's central bank kept its benchmark interest rate on hold at 4.75 percent at its March 16th meeting, as widely expected. Policymakers said the decision was in line with efforts to maintain macroeconomic and financial stability amid increasing global uncertainty. The overnight deposit facility rate and the lending facility rate were also left on hold at 4.0 percent and 5.5 percent respectively.

Excerpts from Bank Indonesia Press Release: 

The decision is consistent with Bank Indonesia’s efforts to maintain macroeconomic and financial system stability amidst growing global uncertainty. Bank Indonesia continues to monitor and remains vigilant of various short term risks, both global and domestic. Global risks include rising global inflation, US economic and trade policy direction and Fed Fund Rate hike effects, as well as geopolitical risks from Europe. Domestically, the impact of administered prices (AP) on inflation still needs to be monitored. Therefore, Bank Indonesia constantly optimises its monetary, macroprudential and payment system policy mix to preserve macroeconomic and financial system stability. Furthermore, Bank Indonesia will continue to strengthen coordination with the Government, focusing on controlling inflation within the target corridor as well as accelerating structural reform programs to support sustainable economic growth.

Economic growth is expected to continue improving, despite a number of risks that need to be observed.  Indonesia’s economy is predicted to remain strong in the first quarter of 2017, compared to the previous quarter, driven stronger investment, robust consumption and improving export performance. Non-building investment is predicted to gain traction, reflected by an uptick in sales of heavy equipment and cement. Household consumption is expected to continue increasing as indicated by a stable retail growth and positive consumer expectations. Meanwhile, government’s contribution towards consumption and investment tend to improve. Externally, export performance is predicted to improve as commodity prices increase. Consequently, the Indonesian economy is projected to grow in the 5.0-5.4% (yoy) range in 2017.

The rupiah continued to appreciate in February 2017 in line with maintained macroeconomic stability and despite a backdrop of growing global uncertainty. Moving forward, Bank Indonesia will remain vigilant of emerging risks, including the US economic policy and the impact of FFR hikes as well as political uncertainty in several European countries. Therefore, Bank Indonesia will continue to implement the stabilisation measures necessary to ensure the rupiah remains consistent with the currency’s fundamental value, while maintaining market mechanisms.

Looking forward, Bank Indonesia will strengthen policy coordination with the Government to control inflation in response to several risks, including further adjustments to administered prices (AP) as the Government continues to reform energy subsidies as well as inflationary pressures on volatile foods. With that strategy, inflation is projected to remain within the target corridor of 4±1%.
 

Bank of Indonesia | Chusnul Ch Manan | chusnul@tradingeconomics.com
3/16/2017 2:45:35 PM



Indonesia Money Last Previous Highest Lowest Unit
Interest Rate 4.75 4.75 12.75 4.75 percent [+]
Interbank Rate 6.86 6.87 57.79 4.19 percent [+]
Money Supply M0 470333.00 508123.74 511386.36 2983.00 IDR Billion [+]
Money Supply M1 1191581.90 1237524.30 1237524.30 317.90 IDR Billion [+]
Money Supply M2 4936431.60 5003680.33 5003680.33 5156.00 IDR Billion [+]
Foreign Exchange Reserves 119863.00 116890.00 124637.75 27404.30 USD Million [+]
Loans to Private Sector 3855600.00 3925076.00 3925076.00 286724.00 IDR Billion [+]
Deposit Interest Rate 8.30 6.26 39.07 5.95 percent [+]
Cash Reserve Ratio 6.50 6.50 8.00 5.00 percent [+]
Lending Rate 5.50 5.50 15.75 5.50 percent [+]
Loan Growth 8.30 7.90 90.50 -59.90 percent [+]



Indonesia Interest Rate Notes

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. This page provides - Indonesia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Indonesia Interest Rate - actual data, historical chart and calendar of releases - was last updated on March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
4.75 4.75 12.75 4.75 2005 - 2017 percent Daily



Last
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Ghana 23.50 Mar/17
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Malawi 22.00 Mar/17
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Haiti 20.00 Feb/17
Iran 18.00 Dec/16
Angola 16.00 Feb/17
Afghanistan 15.00 Feb/17
Azerbaijan 15.00 Feb/17
Belarus 15.00 Mar/17
Yemen 15.00 Feb/17
Egypt 14.75 Feb/17
Sudan 14.20 Feb/17
Congo 14.00 Feb/17
Mongolia 14.00 Feb/17
Nigeria 14.00 Mar/17
Ukraine 14.00 Mar/17
Zambia 14.00 Feb/17
Liberia 13.70 Feb/17
Guinea 12.50 Feb/17
Suriname 12.50 Dec/15
Tajikistan 12.50 Feb/17
Seychelles 12.38 Jan/17
Brazil 12.25 Mar/17
Tanzania 12.00 Mar/17
Djibouti 11.60 Dec/15
Uganda 11.50 Feb/17
Kazakhstan 11.00 Feb/17
Sierra Leone 11.00 Feb/17
Zimbabwe 10.68 Dec/16
Kenya 10.00 Mar/17
Lebanon 10.00 Feb/17
Myanmar 10.00 Feb/17
Sao Tome and Principe 10.00 Feb/17
Russia 9.75 Mar/17
Uruguay 9.25 Feb/17
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Moldova 9.00 Feb/17
Uzbekistan 9.00 Feb/17
Madagascar 8.30 Jan/17
Ecuador 8.25 Feb/17
Turkey 8.00 Mar/17
Cape Verde 7.50 Jan/17
Sri Lanka 7.25 Mar/17
Swaziland 7.25 Feb/17
Colombia 7.00 Mar/17
Maldives 7.00 Feb/17
Namibia 7.00 Feb/17
Nepal 7.00 Feb/17
South Africa 7.00 Feb/17
Burundi 6.95 Nov/16
Bangladesh 6.75 Feb/17
Georgia 6.75 Mar/17
Lesotho 6.64 Sep/16
Vietnam 6.50 Feb/17
India 6.25 Feb/17
Mexico 6.25 Feb/17
Papua New Guinea 6.25 Feb/17
Rwanda 6.25 Jan/17
Armenia 6.00 Feb/17
Bhutan 6.00 Feb/17
Pakistan 5.75 Feb/17
Botswana 5.50 Feb/17
Brunei 5.50 Feb/17
Dominican Republic 5.50 Feb/17
Honduras 5.50 Mar/17
Paraguay 5.50 Mar/17
Ethiopia 5.00 Feb/17
Guyana 5.00 Jan/17
Iceland 5.00 Mar/17
Jamaica 5.00 Feb/17
Kyrgyzstan 5.00 Mar/17
Qatar 5.00 Mar/17
Bosnia and Herzegovina 4.91 Jan/17
Indonesia 4.75 Mar/17
Trinidad and Tobago 4.75 Jan/17
El Salvador 4.56 Dec/16
Benin 4.50 Feb/17
Burkina Faso 4.50 Feb/17
Guinea Bissau 4.50 Feb/17
Ivory Coast 4.50 Feb/17
Mali 4.50 Feb/17
Niger 4.50 Feb/17
Senegal 4.50 Feb/17
Togo 4.50 Feb/17
China 4.35 Feb/17
Laos 4.25 Feb/17
Peru 4.25 Mar/17
Tunisia 4.25 Feb/17
Bahamas 4.00 Feb/17
Iraq 4.00 Feb/17
Jordan 4.00 Feb/17
Mauritius 4.00 Feb/17
Serbia 4.00 Mar/17
Algeria 3.50 Feb/17
Macedonia 3.50 Jan/17
Barbados 3.46 Feb/17
Chile 3.00 Mar/17
Guatemala 3.00 Feb/17
Libya 3.00 Feb/17
Malaysia 3.00 Mar/17
Philippines 3.00 Mar/17
Kuwait 2.75 Mar/17
Belize 2.50 Feb/17
Croatia 2.50 Jan/17
Cameroon 2.45 Feb/17
Central African Republic 2.45 Feb/17
Chad 2.45 Feb/17
Equatorial Guinea 2.45 Jan/17
Gabon 2.45 Feb/17
Republic of the Congo 2.45 Feb/17
Cuba 2.25 Feb/17
Morocco 2.25 Mar/17
Saudi Arabia 2.00 Feb/17
Bolivia 1.88 Jan/17
Costa Rica 1.75 Feb/17
New Zealand 1.75 Mar/17
Romania 1.75 Feb/17
United Arab Emirates 1.75 Mar/17
Cambodia 1.55 Jan/17
Australia 1.50 Mar/17
Poland 1.50 Mar/17
Thailand 1.50 Feb/17
Taiwan 1.38 Mar/17
Albania 1.25 Feb/17
Bahrain 1.25 Mar/17
Hong Kong 1.25 Mar/17
Macau 1.25 Mar/17
South Korea 1.25 Feb/17
Oman 1.24 Feb/17
Comoros 1.15 Nov/16
United States 1.00 Mar/17
Hungary 0.90 Feb/17
Panama 0.58 Dec/16
Canada 0.50 Mar/17
Fiji 0.50 Feb/17
Norway 0.50 Mar/17
New Caledonia 0.25 Feb/17
United Kingdom 0.25 Mar/17
Singapore 0.22 Feb/17
Israel 0.10 Feb/17
Czech Republic 0.05 Feb/17
Austria 0.00 Mar/17
Belgium 0.00 Mar/17
Bulgaria 0.00 Mar/17
Cyprus 0.00 Mar/17
Estonia 0.00 Mar/17
Euro Area 0.00 Mar/17
Finland 0.00 Mar/17
France 0.00 Mar/17
Germany 0.00 Mar/17
Greece 0.00 Mar/17
Ireland 0.00 Mar/17
Italy 0.00 Mar/17
Latvia 0.00 Mar/17
Lithuania 0.00 Mar/17
Luxembourg 0.00 Mar/17
Malta 0.00 Mar/17
Netherlands 0.00 Mar/17
Portugal 0.00 Mar/17
Slovakia 0.00 Mar/17
Slovenia 0.00 Mar/17
Spain 0.00 Mar/17
Japan -0.10 Mar/17
Sweden -0.50 Feb/17
Denmark -0.65 Feb/17
Switzerland -0.75 Mar/17