Policy rate (BI-Rate) in Indonesia

Banco de Indonesia · Monthly (RDG meetings) · Importance 90

5.75% (Jul-26) ABS · % · Mensual · CSV

About this indicator

Source	Bank Indonesia
Frequency	Monthly (RDG meetings)
Release	Ultimo dia de cada Reunion del Consejo de Gobernadores (RDG), 14:20 (hora de Yakarta)
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.