Indonesia Interest Rate

Indonesia’s central bank unexpectedly cut its benchmark interest rate by 25 bps to 6.5 percent at its June 16th 2016 meeting, mentioning benign inflation, a relatively stable currency and a narrowing current account deficit. It is the fourth cut so far this year, as central bank tries to spur economic growth. Policymakers also slashed its overnight deposit facility rate and lending facility rate by 25 basis points to 4.5 percent and 7 percent respectively. Interest Rate in Indonesia averaged 7.66 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. 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.