Indonesia Policy Rate
2015 - 2024 | Monthly | % pa | Bank Indonesia
Key information about Indonesia Policy Rate
- Indonesia cash rate (Policy Rate: Month End: Indonesia: BI-Rate) was set at 6.00 % pa in Mar 2024, compared with 6.00 % pa in the previous Feb 2024.
- Indonesia Policy Rate averaged 4.88 % pa and is updated monthly, available from Jun 2015 to Mar 2024.
- The data reached an all-time high of 6.25 % pa in Dec 2015 and a record low of 3.50 % pa in Jul 2022.
The Bank of Indonesia announced 7 Days Reverse Repo Rate as new policy rate effective August 19th, 2016. For Policy Rate prior to August 2016, please refer to the 1 Month Bank Indonesia Certificates Auction Rate. From 21 December 2023, Bank Indonesia will change the name of its policy rate to BI Rate, replacing the BI 7-Day Reverse Repo. The new name doesn't change the meaning or objectives of the BI-Rates as the monetary policy stance of Bank Indonesia, with operationalisation still referring to Bank Indonesia reverse repo transaction with a tenor of seven days. [COVID-19-IMPACT]
Related information about Indonesia Policy Rate
- In the latest reports, Indonesia Short Term Interest Rate: Month End: Indonesia: 3 Months Interbank was reported at 6.74 % pa in Jun 2023.
- Its Long Term Interest Rate (Long Term Interest Rate: Month End: Indonesia: Government Bond Yield: 10 Years) was reported at 6.66 % pa in Feb 2024.
- Indonesia Exchange Rate against USD averaged 14,932.00 (USD/IDR) in Jun 2023.
- Its Real Effective Exchange Rate was 114.51 in Feb 2024.
View Indonesia's Policy Rate from Jun 2015 to Mar 2024 in the chart:
What was Indonesia's Policy Rate in Mar 2024?
Indonesia cash rate (Policy Rate: Month End: Indonesia: BI-Rate) was set at 6.00 % pa in Mar 2024, compared with 6.00 % pa in the previous Feb 2024. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 6.00 Mar 2024 | 6.00 Feb 2024 | 3.50 Jul 2022 | 6.25 Dec 2015 | % pa | monthly | Jun 2015 - Mar 2024 |
Policy Rate by Country Comparison
Buy Selected Data
Includes Policy Rate on 108 economies standardised by CEIC. Instant access to full history data in excel.
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (% pa) | 3.25 Mar 2024 | monthly | Jan 2000 - Mar 2024 |
| Algeria (% pa) | 3.00 Sep 2023 | monthly | Jan 1963 - Sep 2023 |
| Argentina (%) | 70.20 Mar 2024 | monthly | Aug 1985 - Mar 2024 |
| Armenia (% pa) | 8.50 Mar 2024 | monthly | May 2001 - Mar 2024 |
| Australia (% pa) | 4.35 Mar 2024 | monthly | Aug 1990 - Mar 2024 |
| Austria (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Azerbaijan (% pa) | 7.50 Apr 2024 | monthly | Jan 2005 - Apr 2024 |
| Bahrain (% pa) | 6.25 Mar 2024 | monthly | Jan 2007 - Mar 2024 |
| Bangladesh (% pa) | 8.00 Feb 2024 | monthly | Sep 2009 - Feb 2024 |
| Belarus (% pa) | 9.50 Mar 2024 | monthly | Jul 1991 - Mar 2024 |
| Belgium (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Bolivia (% pa) | 3.01 Mar 2024 | monthly | Jan 2013 - Mar 2024 |
| Botswana (% pa) | 3.75 Apr 2022 | monthly | Aug 1976 - Apr 2022 |
| Brazil (% pa) | 10.75 Mar 2024 | monthly | Mar 1999 - Mar 2024 |
| Bulgaria (% pa) | 3.79 Apr 2024 | monthly | Feb 1991 - Apr 2024 |
| Canada (% pa) | 5.00 Mar 2024 | monthly | Dec 1992 - Mar 2024 |
| Chile (% pa) | 7.25 Mar 2024 | monthly | May 1995 - Mar 2024 |
| China (% pa) | 2.65 Jun 2023 | monthly | Jan 2016 - Jun 2023 |
| Colombia (% pa) | 12.25 Mar 2024 | monthly | Apr 1995 - Mar 2024 |
| Croatia (% pa) | 3.00 Dec 2022 | monthly | Dec 1992 - Dec 2022 |
| Cyprus (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Czech Republic (% pa) | 4.75 Mar 2024 | monthly | Jan 1993 - Mar 2024 |
| Denmark (% pa) | 3.60 Mar 2024 | monthly | Aug 1914 - Mar 2024 |
| Ecuador (% pa) | 10.53 Mar 2024 | monthly | Jul 1995 - Mar 2024 |
| Egypt (% pa) | 27.75 Mar 2024 | monthly | Jan 1991 - Mar 2024 |
| Estonia (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| European Union (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Finland (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| France (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Georgia (% pa) | 8.25 Mar 2024 | monthly | Jan 2008 - Mar 2024 |
| Germany (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Ghana (% pa) | 29.50 May 2023 | monthly | Nov 2002 - May 2023 |
| Greece (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Hong Kong SAR, China (% pa) | 5.75 Mar 2024 | monthly | Jun 1992 - Mar 2024 |
| Hungary (% pa) | 8.25 Mar 2024 | monthly | Oct 1990 - Mar 2024 |
| Iceland (% pa) | 10.00 Mar 2024 | monthly | Jan 1994 - Mar 2024 |
| India (% pa) | 6.50 Mar 2024 | monthly | Apr 2001 - Mar 2024 |
| Indonesia (% pa) | 6.00 Mar 2024 | monthly | Jun 2015 - Mar 2024 |
| Ireland (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Israel (% pa) | 4.50 Mar 2024 | monthly | Dec 1998 - Mar 2024 |
| Italy (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Ivory Coast (% pa) | 2.50 Mar 2017 | monthly | Jan 1964 - Mar 2017 |
| Japan (% pa) | -0.10 Jun 2023 | monthly | Nov 2008 - Jun 2023 |
| Jordan (% pa) | 8.50 Mar 2024 | monthly | Dec 1965 - Mar 2024 |
| Kazakhstan (% pa) | 14.75 Mar 2024 | monthly | Feb 1992 - Mar 2024 |
| Kenya (% pa) | 13.00 Mar 2024 | monthly | Jul 2003 - Mar 2024 |
| South Korea (% pa) | 3.50 Mar 2024 | monthly | May 1999 - Mar 2024 |
| Kosovo (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Kuwait (% pa) | 4.25 Mar 2024 | monthly | Jul 1999 - Mar 2024 |
| Kyrgyzstan (% pa) | 13.00 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Laos (% pa) | 7.50 May 2023 | monthly | Dec 1992 - May 2023 |
| Latvia (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Lebanon (% pa) | 10.00 Jan 2023 | monthly | Apr 1964 - Jan 2023 |
| Lithuania (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Luxembourg (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Macau SAR, China (% pa) | 5.75 Mar 2024 | monthly | Dec 1999 - Mar 2024 |
| North Macedonia (% pa) | 6.30 Mar 2024 | monthly | Jan 2002 - Mar 2024 |
| Malawi (% pa) | 26.00 Mar 2024 | monthly | Jan 1980 - Mar 2024 |
| Malaysia (% pa) | 3.00 Mar 2024 | monthly | Apr 2004 - Mar 2024 |
| Malta (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Mauritius (% pa) | 4.50 Mar 2024 | monthly | Dec 1999 - Mar 2024 |
| Mexico (% pa) | 11.25 Feb 2024 | monthly | Jan 2008 - Feb 2024 |
| Moldova (% pa) | 3.75 Mar 2024 | monthly | Feb 2001 - Mar 2024 |
| Mongolia (% pa) | 12.00 Mar 2024 | monthly | Jul 2007 - Mar 2024 |
| Montenegro (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Morocco (% pa) | 3.00 Mar 2024 | monthly | Jun 1995 - Mar 2024 |
| Myanmar (% pa) | 7.00 2024 | yearly | 1986 - 2024 |
| Nepal (% pa) | 7.00 Mar 2024 | monthly | Jul 2003 - Mar 2024 |
| Netherlands (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| New Zealand (% pa) | 5.50 May 2023 | monthly | Mar 1999 - May 2023 |
| Nigeria (% pa) | 24.75 Mar 2024 | monthly | Dec 2006 - Mar 2024 |
| Norway (% pa) | 4.50 Mar 2024 | monthly | Jan 1991 - Mar 2024 |
| Oman (% pa) | 6.00 Apr 2024 | monthly | May 2007 - Apr 2024 |
| Pakistan (% pa) | 23.00 Mar 2024 | monthly | Feb 1992 - Mar 2024 |
| Paraguay (% pa) | 6.00 Mar 2024 | monthly | Jul 2010 - Mar 2024 |
| Peru (% pa) | 6.25 Mar 2024 | monthly | Sep 2003 - Mar 2024 |
| Philippines (% pa) | 7.00 Mar 2024 | monthly | Jun 2016 - Mar 2024 |
| Poland (% pa) | 5.75 Apr 2024 | monthly | Jan 2005 - Apr 2024 |
| Portugal (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Qatar (% pa) | 6.25 Feb 2024 | monthly | Mar 2003 - Feb 2024 |
| Romania (% pa) | 7.00 Mar 2024 | monthly | Jan 2003 - Mar 2024 |
| Russia (% pa) | 16.00 Mar 2024 | monthly | Sep 2013 - Mar 2024 |
| Saudi Arabia (% pa) | 6.00 Mar 2024 | monthly | Jan 2000 - Mar 2024 |
| Serbia (% pa) | 6.50 Mar 2024 | monthly | Jan 2001 - Mar 2024 |
| Singapore (% pa) | 4.00 Jun 2023 | monthly | Jul 2005 - Jun 2023 |
| Slovakia (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Slovenia (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| South Africa (% pa) | 8.25 Mar 2024 | monthly | Nov 1999 - Mar 2024 |
| Spain (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Sri Lanka (% pa) | 8.50 Mar 2024 | monthly | Jan 1997 - Mar 2024 |
| Sweden (% pa) | 4.00 Feb 2024 | monthly | Jan 1987 - Feb 2024 |
| Switzerland (% pa) | 1.45 Apr 2024 | monthly | Jun 1999 - Apr 2024 |
| Syria (% pa) | 5.00 Feb 2024 | monthly | Jan 1962 - Feb 2024 |
| Taiwan (% pa) | 2.00 Mar 2024 | monthly | Jul 1961 - Mar 2024 |
| Tajikistan (% pa) | 9.50 Mar 2024 | monthly | Jun 1995 - Mar 2024 |
| Thailand (% pa) | 2.50 Mar 2024 | monthly | May 2000 - Mar 2024 |
| Tunisia (% pa) | 8.00 Mar 2024 | monthly | Jan 2000 - Mar 2024 |
| Turkey (% pa) | 50.00 Mar 2024 | monthly | Jun 1996 - Mar 2024 |
| Ukraine (% pa) | 14.50 Mar 2024 | monthly | Dec 1992 - Mar 2024 |
| United Arab Emirates (% pa) | 5.40 Mar 2024 | monthly | Nov 2007 - Mar 2024 |
Accurate Macro & Micro Economic Data You Can Trust
Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.
Learn more about what we doIndonesia Key Series
Buy Selected Data
Includes 323 key indicators for Indonesia, curated by CEIC analysts. Instant access to full history data in excel.
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -1.7 Dec 2023 | quarterly | Dec 2014 - Dec 2023 |
| Consolidated Fiscal Balance (USD mn) | -337.931 Feb 2024 | monthly | Jan 2014 - Feb 2024 |
| Tax Revenue (USD mn) | 9,469.616 Feb 2024 | monthly | Jan 2014 - Feb 2024 |
| Tax Revenue: % of GDP (%) | 10.8 Dec 2023 | quarterly | Mar 2014 - Dec 2023 |
| National Government Debt (USD mn) | 530,799.5 Feb 2024 | monthly | Jun 2009 - Feb 2024 |
| Government Debt: % of GDP (%) | 39.0 Dec 2023 | quarterly | Jun 2015 - Dec 2023 |
| Forecast: Government Expenditure (IDR bn) | 5,143,598.410 2028 | yearly | 1993 - 2028 |
| Forecast: Government Net Debt (IDR bn) | 11,302,229.210 2028 | yearly | 2000 - 2028 |
| Forecast: Government Revenue (IDR bn) | 4,528,926.050 2028 | yearly | 1981 - 2028 |
| Government Budget Deficit or Surplus: Budget (IDR bn) | -522,825.000 2024 | yearly | 2001 - 2024 |
| Govt Revenue: Budget: Domestic: Tax: DT: Excises Duties (IDR bn) | 246,079.400 2024 | yearly | 2001 - 2024 |
| Govt Revenue: Budget: Domestic: Tax: DT: Value Added Tax (IDR bn) | 811,365.000 2024 | yearly | 2001 - 2024 |
| DJ ANGGARAN Forecast: Govt Expenditure (Exp): BDG (IDR bn) | 2,461,112.052 2019 | yearly | 2001 - 2019 |
| DJ ANGGARAN Forecast: Govt Revenue & Grant (Rev): Budget (BDG) (IDR bn) | 2,165,111.816 2019 | yearly | 2001 - 2019 |
| DJ ANGGARAN Forecast: Govt Rev: BDG: Domestic: Tax (IDR bn) | 1,786,378.650 2019 | yearly | 2001 - 2019 |
| MA: Budget: 10-years SBN (%) | 7.290 2021 | yearly | 2021 - 2021 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 6.805 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | 867.0 Feb 2024 | monthly | Jan 1967 - Feb 2024 |
| Total Exports (USD mn) | 23,828.1 Dec 2022 | monthly | Oct 1983 - Dec 2022 |
| Total Exports Growth (%) | -9.4 Feb 2024 | monthly | Oct 1984 - Feb 2024 |
| Aluminum: Exports (USD th) | 796,724.320 2022 | yearly | 2003 - 2022 |
| Exports: Medicament (USD th) | 401,971.870 2022 | yearly | 2003 - 2022 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 132,333.063 2022 | yearly | 2003 - 2022 |
| Total Imports (USD mn) | 19,939.8 Dec 2022 | monthly | Jan 2008 - Dec 2022 |
| Total Imports Growth (%) | 15.8 Feb 2024 | monthly | Jan 2009 - Feb 2024 |
| Imports: Medicament (USD th) | 768,288.766 2022 | yearly | 2003 - 2022 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 1,877,735.314 2022 | yearly | 2003 - 2022 |
| Total Exports to USA (USD mn) | 2,101.524 Feb 2024 | monthly | Jan 1971 - Feb 2024 |
| Total Imports from USA (USD mn) | 1,033.633 Jan 2024 | monthly | Jul 1982 - Jan 2024 |
| Total Exports to China (USD mn) | 4,112.453 Feb 2024 | monthly | Nov 1982 - Feb 2024 |
| Total Imports from China (USD mn) | 5,957.701 Jan 2024 | monthly | Mar 1988 - Jan 2024 |
| Imports: cif: OG: Crude Oil (USD mn) | 393.100 Mar 2019 | monthly | Jan 2008 - Mar 2019 |
| Exports: fob: OG: Mining: Crude Oil (USD mn) | 177.600 Apr 2019 | monthly | Jan 1998 - Apr 2019 |
| Imports: cif: OG: Gas (USD mn) | 217.500 Jun 2019 | monthly | Jan 2008 - Jun 2019 |
| Exports: fob: OG: Gas Procurement: Gas (USD mn) | 4.300 Mar 2019 | monthly | Jan 2015 - Mar 2019 |
| Exports: fob: OG: Mining: Gas (USD mn) | 447.900 Jun 2019 | monthly | Jan 2015 - Jun 2019 |
| Exports: Road Vehicles (USD mn) | 590.839 Feb 2019 | monthly | Jan 2012 - Feb 2019 |
| Imports: Road Vehicles (USD mn) | 593.654 Feb 2019 | monthly | Jan 2012 - Feb 2019 |
| Exports: Machinery & Transportation Equipments (USD mn) | 2,530.406 Jan 2024 | monthly | Jan 2012 - Jan 2024 |
| Exports: Mineral Fuels, Lubricants, Etc (USD mn) | 4,459.917 Jan 2024 | monthly | Jan 2012 - Jan 2024 |
| Exports: Beverages and Tobacco (USD mn) | 146.866 Jan 2024 | monthly | Jan 2012 - Jan 2024 |
| Imports: Machinery and Transport Equipments (USD mn) | 6,024.693 Jan 2024 | monthly | Jan 2012 - Jan 2024 |
| Imports: Chemical (USD mn) | 2,382.810 Jan 2024 | monthly | Jan 2012 - Jan 2024 |
| Imports: Mineral Fuels, Lubricants and etc (USD mn) | 3,037.785 Jan 2024 | monthly | Jan 2012 - Jan 2024 |
| Imports: Beverages and Tobacco (USD mn) | 114.172 Jan 2024 | monthly | Jan 2012 - Jan 2024 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 2.5 Apr 2023 | monthly | Jan 2003 - Apr 2023 |
| Household Debt: % of GDP (%) | 9.6 Dec 2023 | quarterly | Dec 2010 - Dec 2023 |
| Non-Performing Loans (USD mn) | 10,052.996 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
| Money Supply M1 (USD mn) | 163,112.936 Feb 2024 | monthly | Feb 1968 - Feb 2024 |
| Money Supply M2 (USD mn) | 557,622.850 Feb 2024 | monthly | Feb 1968 - Feb 2024 |
| M2 Growth (%) | 5.3 Feb 2024 | monthly | Feb 1969 - Feb 2024 |
| Reserve Requirement Ratio (%) | 9.0 Mar 2024 | monthly | Jan 1997 - Mar 2024 |
| Foreign Exchange Reserves (USD mn) | 126,427.8 Mar 2024 | monthly | Apr 2000 - Mar 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 9.000 Mar 2024 | monthly | Jan 1997 - Mar 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 7.1 Feb 2024 | monthly | Jan 2008 - Feb 2024 |
| Gold Reserves (USD mn) | 5,541.330 Mar 2024 | monthly | Jun 1964 - Mar 2024 |
| Total Deposits (USD mn) | 499,334.579 Feb 2024 | monthly | Jan 1999 - Feb 2024 |
| Total Deposits Growth (%) | 4.5 Feb 2024 | monthly | Jan 2000 - Feb 2024 |
| Domestic Credit (USD mn) | 527,944.3 Feb 2024 | monthly | Jan 2004 - Feb 2024 |
| Domestic Credit Growth (%) | 8.4 Feb 2024 | monthly | Jan 2005 - Feb 2024 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 4.200 Sep 2023 | quarterly | Mar 1999 - Sep 2023 |
| Credit to Households (USD bn) | 218.164 Sep 2023 | quarterly | Dec 2001 - Sep 2023 |
| Credit to Private Non-Financial Sector (USD bn) | 529.207 Sep 2023 | quarterly | Mar 1976 - Sep 2023 |
| Household Debt (USD mn) | 128,780.4 Feb 2024 | monthly | Jan 2002 - Feb 2024 |
| Total Loans (USD mn) | 449,712.971 Feb 2024 | monthly | Jan 2002 - Feb 2024 |
| Total Loans Growth (%) | 10.99 Feb 2024 | monthly | Jan 2003 - Feb 2024 |
| Private Debt: % of Nominal GDP (%) | 30.06 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
| BM (M2): Narrow Money (M1) (IDR bn) | 1,523,525.730 Jun 2019 | monthly | Jan 2002 - Jun 2019 |
| CRB: Loans: Household Consumption: Housing (IDR bn) | 465,884.900 Jun 2019 | monthly | Jun 2016 - Jun 2019 |
| NPL: Comm Banks (IDR bn) | 141,557.251 May 2019 | monthly | Jan 2011 - May 2019 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Global Competitiveness Index (Score) | 64.629 2019 | yearly | 2017 - 2019 |
| Business Confidence Growth (% Point) | 5.3 Mar 2024 | quarterly | Mar 2011 - Mar 2024 |
| Business Survey (BS): Production Capacity Utilization (PC) (%) | 76.097 Mar 2019 | quarterly | Mar 2004 - Mar 2019 |
| BS: PC Utilization: Manufacturing Industry (MI) (%) | 71.148 Dec 2022 | quarterly | Mar 2004 - Dec 2022 |
| BI Forecast: BS: Business Activity: Weighted Net Balance (WB) (%) | 13.658 Mar 2023 | quarterly | Mar 2004 - Mar 2023 |
| Business Survey (BS): Prompt Manufacturing Index (PMI) (%) | 53.390 Mar 2024 | quarterly | Mar 2010 - Mar 2024 |
More Indicators for Indonesia
Request a demo of CEIC
CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.
Please note, product demos are not available for students. Please click here to find out more about the version of CEIC available for student users.