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BI rate, interest rate of the central bank of Indonesia
Charts - historic BI interest rates
Graph Indonesian interest rate BI - interest rates last year |
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Graph Indonesian interest rate BI - long-term graph |
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Bank Indonesia
The central bank of Indonesia is Bank Indonesia, also known as BI or Bank Central Republic Indonesia.
The main objective of Bank Indonesia is to achieve and maintain stability of the rupiah, the currency of Indonesia. There are two important elements
- a moderate and stable inflation. Since 2005 Indonesia is using the het Inflation Targeting Framework (ITF). This system, which is being used by many countries, is characterized by the use of the interest tool as a mechanism to achieve low and stable inflation levels. For an overview of current inflation in Indonesia, click here;
- a stable exchange rate of the rupiah.
BI rate
When reference is made to the Indonesian interest rate this often refers to the BI rate. The BI rate is the base rate (policy rate) which is used by the central bank of Indonesia to shape the monetary policy. The rate is reflected in an increase or decrease of the Interbank Overnight rate (O/N) which is the interbank rate. When the BI rate is changed the interbank rate is following shortly thereafter most of the time. This is also affecting the interest rates which banks apply on products like savings accounts, mortgages and loans.
This page shows the current and historic values of the BI rate.
For a summary of the current interest rates of a large number of central banks please click here.
Tables - current and historic Indonesian central bank interest rates
BI latest interest rate changes
| june 16 2016 |
6.500 % |
| march 17 2016 |
6.750 % |
| february 18 2016 |
7.000 % |
| january 14 2016 |
7.250 % |
| february 17 2015 |
7.500 % |
| november 18 2014 |
7.750 % |
| november 12 2013 |
7.500 % |
| september 12 2013 |
7.250 % |
| august 29 2013 |
7.000 % |
| july 11 2013 |
6.500 % |
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Summary of other central banks’ interest rates
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