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 7.71 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


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 Tuesday, March 31, 2015.


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.

The lending facility and the deposit facility rate also stay unchanged at 8.0 percent and 5.5 percent respectively.

Excerpts from the statement by the Bank Indonesia:

This decision is in line with the ongoing efforts to keep inflation within the target of 4±1% for 2015 and 2016, and to control current account deficit towards a healthier level at 2.5-3% of GDP in the medium term. As consequence, Bank Indonesia also strengthens measures to keep the rupiah stable. Bank Indonesia's policy mix will be focused on efforts to maintain macroeconomic stability, amidst rising uncertainty in the global financial markets. In this context, Bank Indonesia remains strongly committed to strengthening its monetary and macroprudential policy mix, as well as stepping-up coordination with the government to curb inflation and current account deficit, while encouraging speedy structural reforms. With this regard, Bank Indonesia supports the government's continued measures in carrying out structural reforms that would in turn serve to strengthen the balance of payment.

Economic growth in the First Quarter 2015 is projected to be higher than that of the previous period, mainly driven by rising private consumption, as inflation is kept in check. Government consumption has also picked-up, reflecting an increase in government spending. Meanwhile, exports may continue to decline, despite some signs of pick-ups, on the back of declining commodity prices and lingering weak global demand. On the other front, investment may still grow slightly in the first quarter 2015, and will continue to pick up in the following quarters as government spending rises. Looking ahead, the full-year 2015 economic growth should be between 5.4-5.8%, mainly driven by higher investment as a result of the realized infrastructure projects and improved investment climate, in addition to the continued strong consumption and the gradually improving exports.

Going forward, Bank Indonesia will continue to consistently keep the stability of the rupiah at the exchange rate that is in line with its fundamental.

Going forward, Bank Indonesia will continue to monitor various risk factors that affect inflation, among others are the global oil prices and the possibility of future adjustments in other administered prices.

Going forward, along with the improving economic growth, bank loan and third-party fund is expected to grow, respectively by 15-17% and 14-16% in 2015.

Bank Indonesia | Joana Taborda | joana.taborda@tradingeconomics.com
3/17/2015 11:25:30 AM


Recent Releases

Indonesia Cuts Main Interest Rate by 25bps
Bank Indonesia surprisingly lowered its benchmark interest rate by 25 bps to 7.5 percent in February in order to boost growth and bring inflation back to target. It is the first rate cut since 2011. Published on 2015-02-17

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. Published on 2015-01-15


Calendar GMT Event Actual Previous Consensus Forecast (i)
2015-01-15 10:45 AM
Interest Rate Decision 
7.75% 7.75% 7.75% 7.75%
2015-02-17 10:10 AM
Interest Rate Decision 
7.5% 7.75% 7.75% 7.75%
2015-03-17 08:20 AM
Interest Rate Decision 
7.5% 7.5% 7.5% 7.5%
2015-04-14 09:00 AM
Interest Rate Decision 
7.5% 7.5%
2015-05-19 09:00 AM
Interest Rate Decision 
7.75%
2015-06-18 09:00 AM
Interest Rate Decision 
7.75%


Indonesia Money Last Previous Highest Lowest Unit
Interest Rate 7.50 7.50 12.75 5.75 percent [+]
Interbank Rate 5.65 5.85 89.80 1.17 percent [+]
Money Supply M0 391294.62 419185.04 452862.49 2983.00 IDR Billion [+]
Money Supply M1 916739.00 942144.50 955547.10 317.90 IDR Billion [+]
Money Supply M2 4107963.80 4170730.80 4170730.80 5156.00 IDR Billion [+]
Foreign Exchange Reserves 115530.00 114249.52 124637.75 27404.30 USD Million [+]
Loans to Private Sector 3272452.00 3317402.00 3317402.00 286724.00 IDR Billion [+]
Loan Growth 11.60 11.60 90.50 -59.90 percent [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.25 Mar/15 2.25 17.50 2.25 percent [+]
Brazil 12.75 Mar/15 12.25 45.00 7.25 percent [+]
Canada 0.75 Mar/15 0.75 16.00 0.25 percent [+]
China 5.35 Mar/15 5.60 10.98 5.31 percent [+]
Euro Area 0.05 Mar/15 0.05 4.75 0.05 percent [+]
France 0.05 Mar/15 0.05 4.75 0.05 percent [+]
Germany 0.05 Mar/15 0.05 4.75 0.05 percent [+]
India 7.50 Mar/15 7.75 14.50 4.25 percent [+]
Indonesia 7.50 Mar/15 7.50 12.75 5.75 percent [+]
Italy 0.05 Mar/15 0.05 4.75 0.05 percent [+]
Japan 0.00 Mar/15 0.00 9.00 0.00 percent [+]
Mexico 3.00 Mar/15 3.00 9.25 3.00 percent [+]
Netherlands 0.05 Mar/15 0.05 4.75 0.05 percent [+]
Russia 14.00 Mar/15 15.00 17.00 5.00 percent [+]
South Korea 1.75 Mar/15 2.00 5.25 1.75 percent [+]
Spain 0.05 Mar/15 0.05 4.75 0.05 percent [+]
Switzerland -0.75 Mar/15 -0.75 3.50 -0.75 percent [+]
Turkey 7.50 Mar/15 7.50 500.00 4.50 percent [+]
United Kingdom 0.50 Mar/15 0.50 17.00 0.50 percent [+]
United States 0.25 Mar/15 0.25 20.00 0.25 percent [+]