Indonesia BI Policy Interest Rate (Indonesia) - Historical Data
Historical time series of the Indonesia BI Policy Interest Rate set by the Bank Indonesia (BI) from 2005 to 2026. From 19 Aug 2016 onwards: 7 day reverse repo rate; from 5 Jul 2005 to 18 Aug 2016: official base rate (BI rate). The latest benchmark reading is 5.75% (Sep 2026), corresponding to an ex-post real policy rate of +2.56% after adjusting for Indonesia headline CPI inflation (3.19%).
Current Statistics & Historical Records
Peak monetary tightening by Bank Indonesia (Indonesia BI Policy Interest Rate).
Lowest policy interest rate stance set by Bank Indonesia.
22 annual observations · Monthly
Indonesia BI Policy Interest Rate (Indonesia) (2005-2026)
% p.a.Drag to pan, scroll to zoom, or toggle between full archive (2005–2026) and recent monthly observations.
BI Policy Rate Averages by Decade
Decadal mean, peak, and trough across the 2005–2026 archive
| Decade | Years Covered | Decade Mean | Decade High (Year) | Decade Low (Year) |
|---|---|---|---|---|
| 2000s | 2005–2009 | 9.25% | 12.75% (2005) | 6.50% (2009) |
| 2010s | 2010–2019 | 6.10% | 7.75% (2014) | 4.25% (2017) |
| 2020s | 2020–2026 | 5.04% | 6.00% (2023) | 3.50% (2021) |
Complete Annual Historical Ledger (2005–2026)
Unit: % p.a. · Source: Bank for International Settlements (BIS) & Bank Indonesia (WS_CBPOL:M:ID)
| Year | Annual Value (% p.a.) | Real Policy Rate (CPI-Adj) | Intra-Year Range (Min – Max) | Monetary Regime & Historical Context |
|---|---|---|---|---|
| 2026 | 5.75% | +2.41% | 4.75% – 5.75% | - |
| 2025 | 4.75% | +2.84% | 4.75% – 5.75% | Post-tightening monetary recalibration across advanced and emerging central banks |
| 2024 | 6.00% | +3.70% | 6.00% – 6.25% | G10 policy rates peak and pivot toward gradual monetary normalization |
| 2023 | 6.00% | +2.27% | 5.75% – 6.00% | - |
| 2022 | 5.50% | +1.29% | 3.50% – 5.50% | Global inflation surge triggers fastest synchronized rate hiking cycle in four decades |
| 2021 | 3.50% | +1.94% | 3.50% – 3.75% | - |
| 2020 | 3.75% | +1.71% | 3.75% – 5.00% | COVID-19 pandemic emergency rate cuts and record balance sheet expansion |
| 2019 | 5.00% | +1.97% | 5.00% – 6.00% | - |
| 2018 | 6.00% | +2.80% | 4.25% – 6.00% | - |
| 2017 | 4.25% | +0.44% | 4.25% – 4.75% | - |
| 2016 | 4.75% | +1.22% | 4.75% – 7.25% | Bank of Japan introduces Yield Curve Control (YCC); post-Brexit BoE easing |
| 2015 | 7.50% | +1.12% | 7.50% – 7.75% | - |
| 2014 | 7.75% | +1.33% | 7.50% – 7.75% | ECB and European peers introduce Negative Interest Rate Policy (NIRP) |
| 2013 | 7.50% | +1.10% | 5.75% – 7.50% | - |
| 2012 | 5.75% | +1.77% | 5.75% – 6.00% | - |
| 2011 | 6.00% | +0.63% | 6.00% – 6.75% | European Sovereign Debt Crisis and Swiss franc safe-haven surge |
| 2010 | 6.50% | +1.37% | 6.50% – 6.50% | - |
| 2009 | 6.50% | +1.45% | 6.50% – 8.75% | - |
| 2008 | 9.25% | -1.84% | 8.00% – 9.50% | Global Financial Crisis drives major central banks to the zero lower bound and QE1 |
| 2007 | 8.00% | +1.60% | 8.00% – 9.50% | - |
| 2006 | 9.75% | -3.58% | 9.75% – 12.75% | - |
| 2005 | 12.75% | +2.35% | 8.50% – 12.75% | - |
Frequently Asked Questions - BI Policy Rate
What is the current Indonesia BI Policy Interest Rate?
As of Sep 2026, the Indonesia BI Policy Interest Rate is 5.75% per annum. Adjusted for headline inflation (3.19%), the ex-post real policy rate in Indonesia stands at +2.56%.
What was the highest and lowest Bank Indonesia interest rate on record?
Across the 2005-2026 archive, the Indonesia BI Policy Interest Rate reached a record high of 12.75% in Dec 2005 and a record low of 3.50% in Feb 2021. The long-run annual mean is 6.48%.
What is the Bank Indonesia inflation target?
The Bank Indonesia operates with an official inflation target of 2.5% (±1.0% Corridor). Its statutory mandate is: Achieve and maintain stability of the Rupiah value through inflation and exchange rate management.
Source Metadata & Methodology Notes
- Primary Institution:
- Bank for International Settlements (BIS) & Bank Indonesia
- Dataset / Dataflow:
- BIS Central Bank Policy Rates (WS_CBPOL)
- Canonical Series ID:
- WS_CBPOL:M:ID
- Reuse & License:
- Terms of permitted use of BIS statistics
- Primary compilation: From 19 Aug 2016 onwards: 7 day reverse repo rate; from 5 Jul 2005 to 18 Aug 2016: official base rate (BI rate).
- Reporting agency: Bank Indonesia; harmonized and disseminated via the BIS WS_CBPOL statistical dataflow.
- Annual table values represent the year-end (December or latest available month) policy rate reading; minimum and maximum columns record the intra-year policy rate corridor.
- Ex-Post Real Policy Rate series is computed as Nominal Policy Rate (% p.a.) minus contemporaneous year-on-year Headline CPI Inflation (% from BIS WS_LONG_CPI).
Cite This Dataset (APA & BibTeX)
@misc{cbd_cbpol_indonesia,
author = {CentralBankData.com},
title = {Indonesia BI Policy Interest Rate (Indonesia)},
note = {Compiled from Bank for International Settlements WS_CBPOL:M:ID},
year = {2026},
url = {https://centralbankdata.com/indonesia-bi-interest-rate}
}