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Indonesia Interest Rate

Indonesia's benchmark interest rate held steady at 4.75% in October 2025, matching the September 2025 rate. Bank Indonesia maintained this policy to support economic growth and ensure rupiah stability while keeping inflation within its target range of 2.5% +/- 1%. The decision reflects expectations of continued low inflation and the need to assess the effectiveness of previous monetary policy easing. Indonesia's record low interest rate was 3.5% in March 2021 and record high was 7.5% in September 2015.

Historical Data (2015-2025)

(in %)
Date Interest Rate
Oct 22, 2025 4.75%
Sep 17, 2025 4.75%
Aug 20, 2025 5%
Jul 16, 2025 5.25%
May 21, 2025 5.5%
Apr 23, 2025 5.75%
Mar 19, 2025 5.75%
Feb 19, 2025 5.75%
Jan 15, 2025 5.75%
Nov 20, 2024 6%
Oct 16, 2024 6%
Aug 21, 2024 6.25%
Jul 17, 2024 6.25%
May 22, 2024 6.25%
Apr 24, 2024 6.25%
Mar 20, 2024 6%
Feb 21, 2024 6%
Jan 17, 2024 6%
Nov 23, 2023 6%
Oct 19, 2023 6%
Aug 24, 2023 5.75%
Jul 25, 2023 5.75%
Jun 22, 2023 5.75%
May 25, 2023 5.75%
Apr 19, 2023 5.75%
Mar 16, 2023 5.75%
Jan 19, 2023 5.75%
Dec 22, 2022 5.5%
Nov 17, 2022 5.25%
Sep 22, 2022 4.25%
Aug 23, 2022 3.75%
Jul 21, 2022 3.5%
May 24, 2022 3.5%
Apr 19, 2022 3.5%
Mar 17, 2022 3.5%
Feb 10, 2022 3.5%
Jan 20, 2022 3.5%
Dec 16, 2021 3.5%
Oct 21, 2021 3.5%
Sep 21, 2021 3.5%
Aug 19, 2021 3.5%
Jul 22, 2021 3.5%
Jun 17, 2021 3.5%
May 25, 2021 3.5%
Apr 20, 2021 3.5%
Mar 18, 2021 3.5%
Jan 21, 2021 3.75%
Dec 17, 2020 3.75%
Oct 23, 2020 4%
Sep 18, 2020 4%
Aug 19, 2020 4%
Jul 17, 2020 4%
Jun 18, 2020 4.25%
May 15, 2020 4.5%
Mar 19, 2020 4.5%
Feb 21, 2020 4.75%
Jan 20, 2020 5%
Dec 19, 2019 5%
Oct 24, 2019 5%
Sep 19, 2019 5.25%
Aug 22, 2019 5.5%
Jul 18, 2019 5.75%
Jun 20, 2019 6%
May 16, 2019 6%
Apr 25, 2019 6%
Mar 21, 2019 6%
Feb 21, 2019 6%
Jan 17, 2019 6%
Dec 20, 2018 6%
Nov 15, 2018 6%
Sep 27, 2018 5.75%
Aug 15, 2018 5.5%
Jun 28, 2018 5.25%
May 30, 2018 4.75%
May 17, 2018 4.5%
Apr 19, 2018 4.25%
Mar 22, 2018 4.25%
Feb 15, 2018 4.25%
Jan 18, 2018 4.25%
Dec 14, 2017 4.25%
Oct 19, 2017 4.25%
Sep 22, 2017 4.25%
Aug 22, 2017 4.5%
Jul 20, 2017 4.75%
Jun 15, 2017 4.75%
Apr 20, 2017 4.75%
Mar 16, 2017 4.75%
Jan 19, 2017 4.75%
Dec 15, 2016 4.75%
Oct 20, 2016 4.75%
Sep 22, 2016 5%
Aug 19, 2016 5.25%
Jul 21, 2016 5.25%
Jun 16, 2016 5.25%
Apr 21, 2016 5.5%
Mar 17, 2016 6.75%
Feb 18, 2016 7%
Jan 14, 2016 7.25%
Nov 17, 2015 7.5%
Oct 15, 2015 7.5%
Sep 17, 2015 7.5%

Recent Events

datetime event actual previous consensus
2025-10-22 03:30 AM Interest Rate Decision 4.75% 4.75% 4.5%
2025-09-17 03:30 AM Interest Rate Decision 4.75% 5% 5%
2025-08-20 03:30 AM Interest Rate Decision 5% 5.25% 5.25%
2021-02-18 02:30 AM Interest Rate Decision 3.5% 3.75% 3.5%

Next Release Date :

Indonesia Interest Rate : Definition
The Interest Rate set by the Bank Indonesia is the benchmark cost of borrowing in the economy. It influences lending, spending, investment, inflation, and overall financial stability.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio -0.6% -0.1% Dec'24
Debt to GDP Ratio 38.8% 39.2% Dec'24
Private Credit (% GDP) 36.39% 36.01% 2024