Quick Answer: What is the interest rate in Indonesia?

What is the current interest rate of Indonesia?

Indonesia has lowered its interest rates by 0.25 percentage points, from 3.75% to an annual rate of 3.5%.

Interest rates go down in Indonesia.

Date Key rates
11/19/2020 3.75%
07/16/2020 4.00%
06/18/2020 4.25%
03/19/2020 4.50%

What is the Bank interest in Indonesia?

Average interest rate on savings of commercial banks in Indonesia 2013-2021. As of January 2021, the average interest rate on savings of commercial banks in Indonesia amounted to 0.84 percent. Both commercial and state owned banks share a similar average interest rate for this month.

Which country has highest loan interest rate?


Rank Country Commercial bank prime lending rate
1 Madagascar 64.00
2 Brazil 63.30
3 Congo, Democratic Republic of the 35.90
4 Syria 33.30

Which bank has high interest?

Fixed Deposit Interest Rates by Different Banks

Bank Tenure Interest rate
ICICI Bank 7 days to 10 years 4% to 7.25%
Punjab National Bank 7 days to 10 years 5.70% to 6.85%
HDFC Bank 7 days to 10 years 3.5% to 7.40%
Axis Bank 7 days to 10 years 3.5% to 7.25%

What is reverse repo rate?

Reverse Repo Rate is defined as the rate at which the Reserve Bank of India (RBI) borrows money from banks for the short term. It is an important monetary policy tool employed by the RBI to maintain liquidity and check inflation in the economy. The Reverse Repo Rate helps the RBI get money from the banks when it needs.

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What is the inflation rate in Indonesia?

In 2020, the average inflation rate in Indonesia amounted to about 2.03 percent compared to the previous year.

Indonesia: Inflation rate from 1986 to 2026 (compared to the previous year)

Characteristic Inflation rate compared to previous year
2021* 2.05%
2020 2.03%
2019 2.82%
2018 3.29%

Which country is best for savings?

Top 10 Countries With Highest Rates of Personal Savings

  • Luxembourg.
  • Switzerland.
  • Sweden.
  • Germany.
  • Netherlands.
  • South Korea.
  • Hungary.
  • Ireland.

Do Swiss banks pay interest?

The main benefits of Swiss bank accounts include the low levels of financial risk and high levels of privacy they offer. … Accounts held in Swiss Francs will earn a small amount of interest, but they’ll also have to pay the Swiss withholding tax.

Which country has the lowest interest rate?

The 5 Countries With the Lowest Interest Rates

  • Switzerland.
  • Denmark.
  • Japan.
  • Sweden.
  • Spain.
Inside view of Asia