Indonesia - Money Market Rate

Indonesia: Money Market Rate

Mnemonic IRMM.IIDN
Unit % p.a., NSA
Adjustments Not Seasonally Adjusted
Data Dec 2022 5.02
Nov 2022 4.81

Series Information

Source Bank Indonesia
Release Financial Statistics - Monetary Sector
Frequency Monthly
Start Date 1/31/1998
End Date 12/31/2022

Indonesia: Markets

Reference Last Previous Units Frequency
Lending Rate 03 Feb 2023 5.75 5.75 %, NSA Daily
Stock Market Index 02 Feb 2023 6,890 6,862 Index, NSA Daily
Average Long-term Government Bond Dec 2022 4,321,578 4,169,050 Bil. IDR, NSA Monthly
Money Market Rate Dec 2022 5.02 4.81 % p.a., NSA Monthly

Release Information

For Indonesia, key financial statistics include the discount rate of certificates issued by the central bank, the IndONIA (Indonesia Overnight Index Average), the JIBOR (Jakarta Interbank Offered Rate - rate at which banks lend unsecured funds to one another), and the interest rate of savings deposit institutions.

The Bank Indonesia Certificate Discount rate is a weighted average interest rate calculated using the transaction volume of Bank Indonesia Certificate for the respected period. The Bank Indonesia Rupiah Facility discount shall be determined by Bank Indonesia.  Interbank Call Money interest rate is a weighted average interest rate calculated using the transaction volume of Interbank Call Money for the respected period. Interbank Call Money consists of the morning session (8 a.m. to 12 noon) and afternoon session (1 p.m. to 6 p.m.). Interbank Call Money transaction includes all of Bank’s head office transaction in Indonesia.

The Indonesia Overnight Index Average (IndONIA) is expected to be able to replace the role of overnight JIBOR as the overnight money market benchmark rate. As of 2 January 2019, Bank Indonesia will no longer publish overnight JIBOR and it is expected that existing financial contracts which use overnight JIBOR as a reference for overnight tenor, will shift to IndONIA as the most recent reference for overnight tenor.

Data is revised each month when new data becomes available.

The Bank Indonesia website is sometimes unstable and inaccessible.