Bank Indonesia raised its benchmark interest rate by 50 bps to 5.25% at its May 2026 policy meeting, delivering a larger-than-expected increase as markets had anticipated a 25 bps hike to 5%. The move marked the central bank’s first rate hike since April 2024, aiming to strengthen the rupiah, curb imported inflation risks, and keep inflation within the government’s 2.5% ±1% target range. The rupiah weakened 2.2% from end-April to Rp17,700 per US dollar on May 19. Meanwhile, annual inflation eased to 2.42% in April 2026 from 3.48% in March, the lowest since August 2025 and still within the central bank’s target range. The decision aligns with the “pro-stability” focus of monetary policy aimed at strengthening Indonesia’s external resilience amid global uncertainty. Meanwhile, macroprudential and payment system policies remain geared toward supporting growth (“pro-growth”). The central bank also raised its overnight deposit facility rate to 4.75% and its lending facility rate to 6.0%. source: Bank Indonesia

The benchmark interest rate in Indonesia was last recorded at 5.25 percent. Interest Rate in Indonesia averaged 6.31 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 May of 2026.

The benchmark interest rate in Indonesia was last recorded at 5.25 percent. Interest Rate in Indonesia is expected to be 5.75 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 6.00 percent in 2027 and 5.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-17 07:30 AM Interest Rate Decision 4.75% 4.75% 4.75% 4.75%
2026-04-22 07:30 AM Interest Rate Decision 4.75% 4.75% 4.75% 4.75%
2026-05-20 07:30 AM Interest Rate Decision 5.25% 4.75% 5% 4.75%
2026-06-18 07:30 AM Interest Rate Decision 5.25%
2026-07-22 07:30 AM Interest Rate Decision
2026-08-19 07:30 AM Interest Rate Decision


Related Last Previous Unit Reference
Cash Reserve Ratio 9.00 9.00 percent Apr 2026
Deposit Facility Rate 4.25 3.75 percent May 2026
Foreign Exchange Reserves 146200.00 148200.00 USD Million Apr 2026
Interbank Rate 5.46 5.46 percent Dec 2025
Interest Rate 5.25 4.75 percent May 2026
Lending Facility Rate 6.00 5.50 percent May 2026
Loan Growth YoY 9.98 9.49 percent Apr 2026
Loans to Private Sector 7402884.00 7324022.00 IDR Billion Mar 2026
Money Supply M0 1206254.00 1159800.00 IDR Billion Mar 2026
Money Supply M1 3423670.00 3340672.00 IDR Billion Mar 2026
M2 Money Supply YoY 10253700.00 10355100.00 IDR Billion Apr 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
5.25 4.75 12.75 3.50 2005 - 2026 percent Daily

News Stream
Bank Indonesia Delivers First Rate Hike Since 2024
Bank Indonesia raised its benchmark interest rate by 50 bps to 5.25% at its May 2026 policy meeting, delivering a larger-than-expected increase as markets had anticipated a 25 bps hike to 5%. The move marked the central bank’s first rate hike since April 2024, aiming to strengthen the rupiah, curb imported inflation risks, and keep inflation within the government’s 2.5% ±1% target range. The rupiah weakened 2.2% from end-April to Rp17,700 per US dollar on May 19. Meanwhile, annual inflation eased to 2.42% in April 2026 from 3.48% in March, the lowest since August 2025 and still within the central bank’s target range. The decision aligns with the “pro-stability” focus of monetary policy aimed at strengthening Indonesia’s external resilience amid global uncertainty. Meanwhile, macroprudential and payment system policies remain geared toward supporting growth (“pro-growth”). The central bank also raised its overnight deposit facility rate to 4.75% and its lending facility rate to 6.0%.
2026-05-20
Indonesia Holds Rates Steady to Support Rupiah
Bank Indonesia (BI) kept its benchmark interest rate unchanged for the seventh straight month at 4.75% at its April 2026 policy meeting, in line with market expectations and aimed at supporting the rupiah and economic growth. The rupiah weakened to Rp17,140 per US dollar on April 21, 2026, a 0.87% decline from end-March levels, as escalating Middle East tensions triggered capital outflows from emerging markets. Meanwhile, BI expects inflation to remain within its 2026–2027 target range of 2.5% ±1%. The annual inflation rate slowed to a three-month low of 3.48% in March 2026 from 4.76% in February, within the central bank’s 1.5%–3.5% target range. Despite global headwinds, the central bank maintained its economic growth forecast of 4.9%–5.7% for 2026. Indonesia’s GDP expanded 5.39% yoy in Q4 2025, accelerating from 5.04% in Q3 and marking the strongest growth since Q3 2022. The central bank also left its overnight deposit facility rate at 3.75% and its lending facility rate at 5.50%.
2026-04-22
Indonesia Holds Rates Steady as Expected
Bank Indonesia held its benchmark interest rate steady at 4.75% during its March 2026 policy meeting, in line with market expectations. The decision aims to bolster the stability of the Rupiah while keeping inflation within the central bank’s 2026–2027 target of 2.5% ±1%. The Rupiah weakened to Rp16,985 per US dollar on March 16, 2026, a 1.29% decline from end-February levels, as escalating Middle East tensions triggered capital outflows from emerging markets. Meanwhile, the annual inflation rate rose to 4.76% in February 2026 from 3.55% in January, marking its highest level since March 2023. Despite global headwinds, the central bank maintained its economic growth forecast of 4.9%–5.7% for 2026. Indonesia’s GDP grew 5.39% year-on-year in Q4 2025, accelerating from 5.04% in the previous quarter and marking the strongest economic expansion since Q3 2022. The central bank also kept its overnight deposit facility rate at 3.75% and its lending facility rate at 5.50%.
2026-03-17