Bank Indonesia Holds BI Rate Steady at 4.75 Percent in April 2026

Jakarta – Bank Indonesia Governor Perry Warjiyo announced that the Board of Governors’ Meeting on 21-22 April 2026 decided to maintain the benchmark interest rate (BI Rate) at 4.75 percent. He added that the Deposit Facility rate is also held at 3.75 percent, in line with the Lending Facility rate remaining at 5.50 percent. “The Bank Indonesia Board of Governors’ Meeting on 21-22 April 2026 decided to maintain the BI Rate at 4.75 percent,” said Perry during a teleconference press briefing on Wednesday, 22 April 2026. “Likewise, the Deposit Facility rate remains at 3.75 percent and the Lending Facility rate at 5.50 percent,” he stated. He added that this decision is consistent with efforts to improve the effectiveness of the strategy for adjusting the interest rate structure of monetary operations, in order to strengthen the stabilisation of the rupiah’s exchange value from the impact of worsening global economic conditions due to the war in the Middle East. Perry emphasised that going forward, BI will be prepared to pursue further strengthening of monetary policy as needed to maintain rupiah exchange rate stability and keep inflation for 2026 and 2027 within the target of 2.5 ±1 percent. Meanwhile, macroprudential policies will also continue to be strengthened to encourage economic growth through increased credit financing to the real sector while maintaining financial system stability. Perry conveyed that payment system policies are also directed to support economic activities through strengthening synergies in expanding digital payment acceptance and reinforcing the payment system industry structure. “As well as improving the reliability and resilience of the payment system infrastructure,” said Perry. He also stated that the war in the Middle East is increasingly worsening global economic conditions and prospects. Global oil and commodity prices are rising sharply, accompanied by increasingly disrupted international trade supply chains. “The global economic growth outlook for 2026 is slowing further to 3 percent from the previous estimate of 3.1 percent. Global inflation is also expected to be higher at 4.2 percent from the previous estimate of 4.1 percent, thereby further narrowing the room for global monetary policy easing,” he said.