Indonesia Interest Rate (ECONOMICS:IDINTR) — Historical Data and Chart

Overview

IDINTR chart

Key data points

About Indonesia interest rate

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.

Indonesia interest rate reports history

Related indicators

Indonesia interest rate is 6% at the moment.

Last month Indonesia interest rate was 6%, and the month before that it amounted to 6%.

Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.

Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.

Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.