Bank Indonesia (BI) produces monthly data on the issuance, repayment, and value of outstanding Sertifikat Bank Indonesia (SBI) certificates.

Monthly data on the value of outstanding government bonds (e.g., hedge bonds, fixed- and variable-rate bonds) is available at the BI and Indonesia Stock Exchange (IDX) websites, which are linked below.

Trading volumes of government and corporate bonds are available in the fixed-income trading monthly report of IDX.

Annual and monthly data on the ownership structure of local currency tradable government bonds can be found by following the link for the Indonesia Debt Management Office Investor Profile provided below.

Historical daily and annual data on the yield curve of government securities is available on the IDX website, which is linked below.

Policy and Short-term Interest Rates

The Bank Indonesia rate (BI rate) is the key policy interest rate for Indonesia. Bank Indonesia's Board of Governors decides on the direction of the Bi rate in its monthly meeting.

The Jakarta Interbank Offered Rate (JIBOR) -- the weighted average of quotes contributed by 18 bank members -- provides interbank IDR lending rates for overnight to 12-month short-term financing.

Reference Rates

Fasilitas Bank Indonesia (FASBI), a reference rate linked to the BI rate for risk-free overnight deposits, is used by banks for 1–14 day deposits with BI. In June 2006, the overnight rate was set at the BI rate minus 5 percentage points, while the 1-week facility was set at the BI rate minus 2 percentage points.

Long-term Interest Rates

Long-term credits are unusual in Indonesia, with banks typically granting short-term credits rolled-over to extend payment periods with renegotiated interest rates.

Repurchase Agreement Rate

The Indonesian Government began a repo market in 2004 and launched a Master Repurchase Agreement (MRA) in 2005. The MRA is the benchmark for repo transactions, set at the BI rate plus 3 percentage points for overnight repos.