Indonesia Interest Rate  2005-2016 | Data | Chart | Calendar | Forecast

Indonesia's central bank kept its benchmark interest rate on hold at 6.75 percent at its April 21st meeting, as expected, after three rate cuts in a row so far this year. Policymakers said the decision was in line with efforts to achieve the 2016 inflation target of 4±1% and support domestic economic recovery, amid weak global economic growth. Bank Indonesia also left its overnight deposit facility rate and lending facility rate unchanged at 4.75 percent and 7.25 percent respectively. Interest Rate in Indonesia averaged 7.67 percent from 2005 until 2016, 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.

Indonesia Interest Rate
Receive the next reported value for Indonesia Interest Rate in you Inbox



We will not not share your email with third parties and you can unsubscribe at any time.
Please Paste this Code in your Website

Actual Previous Highest Lowest Dates Unit Frequency
6.75 6.75 12.75 5.75 2005 - 2016 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. Indonesia Interest Rate - actual data, historical chart and calendar of releases - was last updated on May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-18 09:00 AM Interest Rate Decision 7% 7.25% 7% 7.25%
2016-03-17 10:40 AM Interest Rate Decision 6.75% 7% 6.75% 7%
2016-04-21 08:25 AM Interest Rate Decision 6.75% 6.75% 6.75% 6.75%
2016-05-19 09:00 AM Interest Rate Decision 6.75% 6.75%
2016-06-16 09:00 AM Interest Rate Decision 6.75%
2016-07-21 09:00 AM Interest Rate Decision 6.75%

Indonesia Holds Key Rate Steady at 6.75%


Indonesia's central bank kept its benchmark interest rate on hold at 6.75 percent at its April 21st meeting, as expected, after three rate cuts in a row so far this year. Policymakers said the decision was in line with efforts to achieve the 2016 inflation target of 4±1% and support domestic economic recovery, amid weak global economic growth. Bank Indonesia also left its overnight deposit facility rate and lending facility rate unchanged at 4.75 percent and 7.25 percent respectively.

Excerpt from the statement by the Bank Indonesia:

Bank Indonesia will continue efforts to strengthen monetary operations framework through a consistent implementation of the term structure of monetary operations. Furthermore, Bank Indonesia will continue to strengthen policy coordination with the Government to control inflation, catalyse growth and accelerate structural reforms, thereby supporting sustainable economic growth moving forward.

Domestic economic growth was projected to accelerate in the first quarter of 2016 with the momentum maintained into the second quarter on the back of more fiscal stimuli. Government consumption and investment were expected to drive the economy in Q1/2016, as public capital spending and procurement increased significantly due to the implementation of various infrastructure projects. Private investment is also expected to improve on Q2-2016.

The first quarter trade surplus was consistent with the projected current account deficit in the same period. Foreign capital flowed on to financial markets in Indonesia through to March 2016, totalling USD3.7 billion and primarily targeting SUN instruments. Foreign investors continued to buy domestic stocks in March as the national economic outlook improved. 

The rupiah appreciated due to the maintained inflow of foreign capital coupled with an increase in the supply of domestic corporate foreign exchange. In March 2016, the rupiah appreciated 3.96% (ytd) to close at a level of Rp13,260 per USD. On the home front, investor perception of a promising domestic economic outlook, stemming from a reduction to the BI Rate and government policy packages aimed at improving the investment climate along with the accelerated implementation of infrastructure projects, helped to drive rupiah appreciation. Externally, less intense risks on global financial markets in line with the dovish statement relayed by the Federal Reserve coupled with a continually loose monetary policy in several advanced countries supported the strong rupiah. 

Financial system stability was maintained, underpinned by a resilient banking system and relatively sounder financial markets. In February 2016, the Capital Adequacy Ratio (CAR) stood at 21.7%, while non-performing loans (NPL) were recorded at 2.9% (gross) or 1.5% (net). In terms of the intermediation function, credit growth was noted to decelerate from 9.6% (yoy) the month earlier to 8.2% (yoy). In contrast, deposit growth was relatively steady, from 6.8% (yoy) last month to 6.9% (yoy). On the other hand, the looser monetary policy, in the form of a lower BI Rate and primary reserve requirement, has transmitted to increased liquidity and lower bank interest rates. This is expected to enhance the effectiveness of monetary policy in enhancing credit growth.

Bank Indonesia | Yekaterina Guchshina | yekaterina@tradingeconomics.com
4/21/2016 11:52:34 AM

Indonesia Money Last Previous Highest Lowest Unit
Interest Rate 6.75 6.75 12.75 5.75 percent [+]
Interbank Rate 6.54 6.54 57.79 4.19 percent [+]
Money Supply M0 422149.44 439969.14 469379.46 2983.00 IDR Billion [+]
Money Supply M1 1064664.00 1035584.00 1064664.00 317.90 IDR Billion [+]
Money Supply M2 4561074.00 4521333.40 4561074.00 5156.00 IDR Billion [+]
Foreign Exchange Reserves 107542.58 104543.72 124637.75 27404.30 USD Million [+]
Loans to Private Sector 3611720.00 3615076.00 3681060.00 286724.00 IDR Billion [+]
Deposit Interest Rate 8.30 6.26 39.07 5.95 percent [+]
Cash Reserve Ratio 6.50 7.50 8.00 5.00 percent [+]
Lending Rate 7.25 7.25 15.75 6.75 percent [+]
Loan Growth 8.20 9.60 90.50 -59.90 percent [+]




Last
Argentina 35.43 Mar/16
Malawi 27.00 Apr/16
Ghana 26.00 Mar/16
Gambia 23.00 Mar/16
Belarus 22.00 Apr/16
Iran 21.00 May/15
Haiti 20.00 Mar/16
Venezuela 19.54 Feb/16
Ukraine 19.00 Apr/16
Uganda 16.00 Apr/16
Zambia 15.50 Mar/16
Afghanistan 15.00 Mar/16
Kazakhstan 15.00 May/16
Moldova 15.00 Apr/16
Yemen 15.00 Mar/16
Brazil 14.25 Apr/16
Angola 14.00 Mar/16
Liberia 13.67 Dec/15
Burundi 13.35 Nov/15
Mozambique 12.75 Apr/16
Djibouti 12.70 Dec/14
Seychelles 12.38 Feb/16
Suriname 12.28 Dec/14
Mongolia 12.00 Mar/16
Nigeria 12.00 Mar/16
Tanzania 12.00 Mar/16
Zimbabwe 11.99 Dec/15
Sudan 11.70 Sep/15
Kenya 11.50 Mar/16
Guinea 11.00 Oct/15
Russia 11.00 Apr/16
Egypt 10.75 Apr/16
Lebanon 10.00 Mar/16
Myanmar 10.00 Mar/16
Sao Tome and Principe 10.00 Apr/16
Sierra Leone 9.50 Mar/16
Uruguay 9.25 Mar/16
Mauritania 9.00 Mar/16
Tajikistan 9.00 Mar/16
Uzbekistan 9.00 Mar/16
Ecuador 8.86 Mar/16
Madagascar 8.70 Feb/16
Armenia 8.25 Mar/16
Kyrgyzstan 8.00 Apr/16
Cape Verde 7.50 Dec/15
Georgia 7.50 Apr/16
Turkey 7.50 Apr/16
Azerbaijan 7.00 Mar/16
Colombia 7.00 Apr/16
Maldives 7.00 Mar/16
Namibia 7.00 Apr/16
Nepal 7.00 Mar/16
South Africa 7.00 Mar/16
Bangladesh 6.75 Mar/16
Indonesia 6.75 Apr/16
India 6.50 Apr/16
Rwanda 6.50 Mar/16
Sri Lanka 6.50 Apr/16
Swaziland 6.50 Apr/16
Vietnam 6.50 Mar/16
Lesotho 6.49 Dec/15
Honduras 6.25 Mar/16
Papua New Guinea 6.25 Mar/16
Bhutan 6.00 Mar/16
Botswana 6.00 Apr/16
Iraq 6.00 Mar/16
Pakistan 6.00 Apr/16
Paraguay 6.00 Apr/16
Iceland 5.75 Apr/16
Brunei 5.50 Mar/16
Bosnia and Herzegovina 5.25 Feb/16
Jamaica 5.25 Mar/16
Dominican Republic 5.00 Mar/16
Ethiopia 5.00 Mar/16
Guyana 5.00 Mar/16
Trinidad and Tobago 4.75 Mar/16
Bahamas 4.50 Mar/16
Laos 4.50 Apr/16
Qatar 4.50 Mar/16
Mauritius 4.40 Mar/16
China 4.35 Apr/16
Peru 4.25 Apr/16
Serbia 4.25 Apr/16
Tunisia 4.25 Apr/16
El Salvador 4.24 Feb/16
Algeria 4.00 Mar/16
Philippines 4.00 Mar/16
Jordan 3.75 Mar/16
Mexico 3.75 May/16
Benin 3.50 Mar/16
Burkina Faso 3.50 Mar/16
Chile 3.50 Apr/16
Guinea Bissau 3.50 Mar/16
Ivory Coast 3.50 Mar/16
Mali 3.50 Mar/16
Niger 3.50 Mar/16
Senegal 3.50 Mar/16
Togo 3.50 Mar/16
Barbados 3.31 Mar/16
Macedonia 3.25 Jan/16
Malaysia 3.25 Mar/16
Guatemala 3.00 Mar/16
Libya 3.00 Feb/16
Belize 2.50 Feb/16
Croatia 2.50 Feb/16
Cameroon 2.45 Mar/16
Central African Republic 2.45 Mar/16
Chad 2.45 Mar/16
Equatorial Guinea 2.45 Mar/16
Gabon 2.45 Mar/16
Republic of the Congo 2.45 Mar/16
Cuba 2.25 Mar/16
Kuwait 2.25 Mar/16
Morocco 2.25 Mar/16
New Zealand 2.25 Apr/16
Congo 2.00 Mar/16
Saudi Arabia 2.00 Mar/16
Australia 1.75 May/16
Costa Rica 1.75 Mar/16
Romania 1.75 May/16
Bolivia 1.73 Feb/16
Poland 1.50 Apr/16
South Korea 1.50 Apr/16
Taiwan 1.50 Mar/16
Thailand 1.50 Mar/16
Cambodia 1.42 Feb/16
Comoros 1.36 Mar/16
Albania 1.25 May/16
United Arab Emirates 1.25 Mar/16
Hungary 1.05 Apr/16
Oman 1.00 Mar/16
Bahrain 0.75 Apr/16
Hong Kong 0.75 Mar/16
Macau 0.75 Mar/16
Canada 0.50 Apr/16
Fiji 0.50 Mar/16
Norway 0.50 Mar/16
United Kingdom 0.50 Apr/16
United States 0.50 Apr/16
Panama 0.44 Feb/16
New Caledonia 0.30 Mar/16
Singapore 0.13 Mar/16
Israel 0.10 Apr/16
Czech Republic 0.05 May/16
Austria 0.00 Apr/16
Belgium 0.00 Apr/16
Bulgaria 0.00 May/16
Cyprus 0.00 Apr/16
Estonia 0.00 Apr/16
Euro Area 0.00 Apr/16
Finland 0.00 Apr/16
France 0.00 Apr/16
Germany 0.00 Apr/16
Greece 0.00 Apr/16
Ireland 0.00 Apr/16
Italy 0.00 Apr/16
Latvia 0.00 Apr/16
Lithuania 0.00 Apr/16
Luxembourg 0.00 Apr/16
Malta 0.00 Apr/16
Netherlands 0.00 Apr/16
Portugal 0.00 Apr/16
Slovakia 0.00 Apr/16
Slovenia 0.00 Apr/16
Spain 0.00 Apr/16
Japan -0.10 Apr/16
Sweden -0.50 Apr/16
Denmark -0.65 Feb/16
Switzerland -0.75 Mar/16