Bank Indonesia Holds BI Rate at 4.75 Per Cent in March 2026

Jakarta – Bank Indonesia’s Governor Perry Warjiyo announced that the central bank’s Board of Governors held its meeting on 16–17 March 2026 and decided to maintain the BI Rate at 4.75 per cent.

The Board also held the Deposit Facility rate at 3.75 per cent and the Lending Facility rate at 5.50 per cent.

“The Board of Governors’ meeting on 16–17 March 2026 decided to maintain the BI Rate at 4.75 per cent,” said Perry during a press teleconference on Tuesday, 17 March 2026.

“Similarly, the Deposit Facility rate remains at 3.75 per cent and the Lending Facility rate remains at 5.50 per cent,” he added.

Perry emphasised that the decision is consistent with the central bank’s focus on strengthening the rupiah’s exchange rate, given the deteriorating global conditions resulting from Middle East conflicts.

“This decision is also aimed at maintaining Indonesia’s inflation target for 2026–2027 at 2.5 per cent plus or minus one per cent,” he said.

Perry added that Bank Indonesia will continue to optimise various monetary policy instruments to strengthen external resilience against potential escalation of Middle East conflicts, including implementing necessary adjustment measures to maintain consistency in safeguarding national economic stability.

Furthermore, Perry stated that macroprudential policy will continue to be strengthened to promote economic growth through increased financing credit to the real sector whilst maintaining financial system stability.

Payment system policy will also be directed to support economic activity through strengthening synergies in expanding digital payment acceptance, reinforcing the payment system industry structure, and improving reliability and resilience of payment system infrastructure.

“The direction of monetary policy, macroprudential policy, and payment system policy aims to maintain stability and support sustainable economic growth,” he concluded.