World Economy/Indonesia

🇮🇩

Indonesia

IDN

Asia-Pacific • Sovereign Currency: IDR

Analyze Indonesia with Schema AI

Nominal GDP

$1.42T

2024

Annual GDP Growth

+5.0%

YoY Q3 2024

Inflation (CPI)

1.7%

Oct 2024 YoY

Policy Rate

6.00%

BI 7-Day Rate

10Y Sovereign Yield

6.78%

10Y SUN Benchmark

Unemployment Rate

4.9%

Aug 2024

Debt-to-GDP

39.4%

2024

Trade Balance

+$2.5B

Oct 2024

BLOOMBERG ECONOMICS MONETARY POLICY TRANSMISSION

🇮🇩BANK INDONESIA POLICY DASHBOARD

Target Instrument: BI 7-Day Reverse Repo Rate • Sovereign: Indonesia (IDN)

STANCE: hawkish

Next Meeting: 2026-11-20

LOOSER CONDITIONSIN LINE WITH TARGETTIGHTER CONDITIONS

STATUTORY BENCHMARK

6.00%Unchanged (0 bps)

BI 7-Day Reverse Repo Rate

REAL CARRY SPREAD (r - π)

+4.29%

Restrictive Drag

OVERNIGHT BENCHMARK (INDONIA)

5.95%-5 bps

Indonesia Overnight Index Average

YIELD CURVE SLOPE (10Y - r)

+0.78%

Normal Upward Slope

WAGES & PRICES2 METRICS

Headline CPI Inflation (YoY)Oct 2024 YoY

Anchored within standard statutory price stability corridor

BPS-Statistics IndonesiaRef

1.71%

LOOSER

Distance to Inflation Target (2.0%)Oct 2024 YoY

Inflation below 2% target anchor by 0.29 percentage points

BPS-Statistics IndonesiaRef

-0.29%

LOOSER

SUPPLY & DEMAND2 METRICS

Annual Real GDP Growth RateQ3 2024

Robust real economic expansion supporting labor demand

BPS-Statistics IndonesiaRef

4.95%

LOOSER

Unemployment Rate (Labor Slack)Aug 2024

Balanced labor market matching full employment capacity

BPSRef

4.90%

MILD LOOSE

FINANCIAL CONDITIONS4 METRICS

BI 7-Day Reverse Repo RateBI 7-Day Rate

Official statutory policy target rate set by Bank Indonesia

Bank IndonesiaRef

6.00%

MILD LOOSE

Real Carry Rate (Policy - CPI)Calculated

Positive real return regime delivering restrictive monetary drag

Bank Indonesia vs BPS-Statistics Indonesia

+4.29%

MILD LOOSE

10-Year Sovereign Benchmark Yield10Y SUN Benchmark

Long-term sovereign borrowing benchmark discounting term premium & inflation risk

Ministry of FinanceRef

6.78%

MILD TIGHT

Yield Curve Slope (10Y - Policy Rate)Calculated

Upward-sloping normal term structure (+0.78%)

Sovereign Debt Desk vs Central Bank Target

+0.78%

LOOSER

EXTERNAL & FISCAL2 METRICS

Current Account / Trade BalanceOct 2024

Trade balance surplus reinforcing sovereign foreign exchange buffer

BPSRef

+$2.5B

MILD LOOSE

General Government Debt / GDP2024

Fiscal debt load within statutory prudential headroom boundary

Ministry of FinanceRef

39.40%

LOOSER

HISTORICAL RATE DECISION TRAJECTORY (BI 7-DAY REVERSE REPO RATE)

Verified Chronological Decisions

2026-10-09

6.00%

Policy Assessment Summary: 7-Day Reverse Repo benchmark rate.

Key Domestic Equities & Capital Markets

Major corporate champions tracked in WOWS with sovereign economic exposure

Index: IDX Composite (JKSE)

BBCA• Banking

Bank Central Asia

BBRI• Microfinance

Bank Rakyat Indonesia