Policy rate (BI-Rate) in Indonesia

Bank Indonesia · Monthly (RDG meetings) · Importance

5.75% (22 Jul) ABS · % · Daily · CSV

Period	%
Jul 2026	5.75%
Jun 2026	5.75%
May 2026	5.25%
Apr 2026	4.75%
Mar 2026	4.75%
Feb 2026	4.75%
Jan 2026	4.75%

About this indicator

Source

Bank Indonesia

Frequency

Monthly (RDG meetings)

Release

Last day of each Board of Governors meeting (RDG), 14:20 Jakarta time.

What it is

The BI-Rate is Indonesia's benchmark interest rate, set by Bank Indonesia at its monthly Board of Governors Meeting (RDG). It is the main monetary policy instrument steering the cost of money, inflation and rupiah stability.

How it's calculated

Set by Bank Indonesia's Board of Governors at its two-day monthly meeting; announced on the second day. Since 2024 it replaces the BI 7-Day Reverse Repo Rate as the monetary policy stance benchmark.

Market implications

A hike raises borrowing costs and tends to support the rupiah and curb inflation; a cut cheapens financing and stimulates activity. One of the highest-impact releases for Indonesian markets (bonds, currency and equities).

Limitations

The policy rate summarises the stance but not the whole policy mix (market operations, macroprudential, FX intervention). Off-cycle decisions outside the ordinary RDG schedule can occur in periods of stress.