Indonesia

Restrictive

Policy rate

5.75%

Last move Jun 2026

Inflation

1.91%

As of null

Real policy rate

3.84%

Policy rate less inflation

Debt to GDP

41.50%

2026 est.

Inflation target2.5%

Policy rate vs target+3.25 pp

Last move+25 bps hike

Months at current rate3

Real GDP growth5.00%

Next scheduled decisionNot published

Policy rate path, latest five years. Cycle peak 12.75% (Dec 2005).

The verdict

Indonesia sets its policy rate at 5.75%, against inflation of 1.91% — a real rate of 3.84% after inflation. The most recent decision was a 25bp hike in Jun 2026. The rate has held there for about 3 months. The bank targets 2.5% inflation, and prices are running below that at 1.91%; the policy rate stands 3.25 percentage points above target. On the fiscal side, the economy carries government debt of 41.5% of GDP (2026 est.) and real GDP growth of 5.0%.

Sources: policy rate and cycle history — BIS central bank policy rates (WS_CBPOL); inflation — national statistical agencies; debt and growth — IMF World Economic Outlook. Methodology: https://www.globalfinancialinfo.info/methodology/policy-rates · Dataset: https://www.globalfinancialinfo.info/global-economy · Free to print and share for non-commercial classroom use (CC BY-NC-ND 4.0).

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