The Bank Indonesia kept its key 7-day reverse repurchase rate unchanged at a record low of 3.75 percent on January 21st 2021, in line with market expectations. Policymakers said the decision is consistent with efforts to support the economic recovery and forecasts for low inflation and signalled the bank is ready to continue to support the economy. Both the deposit and lending facility rates were left on hold at 3 percent and 4.5 percent respectively. In 2020, the central bank lowered the borrowing cost five times, cutting the main rate by a cumulative 125bps, in an attempt to support the economy after the coronavirus-hit. source: Bank Indonesia
Interest Rate in Indonesia averaged 6.79 percent from 2005 until 2021, reaching an all time high of 12.75 percent in December of 2005 and a record low of 3.75 percent in November of 2020. 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 February of 2021.
Interest Rate in Indonesia is expected to be 3.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Indonesia to stand at 3.75 in 12 months time. In the long-term, the Indonesia Interest Rate is projected to trend around 4.00 percent in 2022 and 4.25 percent in 2023, according to our econometric models.