BI Raises Deposit Facility Rate to 5%

Bank Indonesia (BI) kept its benchmark interest rate, the BI Rate, at 5.75% at its Board of Governors’ meeting on Wednesday (21 October 2026).

The Deposit Facility rate was raised to 5%, while the Lending Facility rate remains at 6.50%.

“The Deposit Facility rate has been raised to 5%,” BI Governor Destry Damayanti said at a press conference.

Destry said the policy remained consistent with BI’s strategy to maintain rupiah exchange-rate stability amid external pressures.

“Going forward, BI will continue to optimise various monetary policy instruments to support external resilience,” she said.

A poll of 13 financial institutions by CNBC Indonesia Research found that most respondents had expected BI to raise its benchmark rate by 25 basis points to 6.00%.

Ten respondents forecast an increase, while the other three expected BI to hold the rate at 5.75%.