Indonesia Interest Rate

Last Release

Dec 18, 2024

Actual

Units In

Frequency

Daily

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
12.75 Dec 2005	3.5 Feb 2021	6.4 %	2005-2024	Bank Indonesia

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.

Latest Updates

The Bank of Indonesia maintained its benchmark interest rate at 6% during its December 2024 meeting, aligning with market expectations. This decision reflected the central bank's commitment to keeping inflation under control within the target range of 2.5% ± 1% for 2024 and 2025, as well as stabilizing the Rupiah amid heightened global uncertainties. Indonesia's annual inflation rate eased to 1.55% in November 2024 from 1.71% in the previous month, marking its lowest level since July 2021 and remaining comfortably within the target range. Meanwhile, the Rupiah depreciated by 1.37% (as of December 17, 2024) compared to the previous month, weighed down by rising global uncertainties, such as the US policy path, limited room for FFR cuts, broad-based US dollar strengthening, and geopolitical risks that shifted global investor preference back to US assets. The overnight deposit and lending facility rates were also held steady at 5.25% and 6.75%, respectively.