ND🇮🇩 Bank Indonesia
5.75%Raised a cumulative 100 bps between May and June 2026 (20 May +50 bps, 9 Jun +25 bps, 18 Jun +25 bps) to support the rupiah. Deposit facility 4.75%, lending facility 6.50%.
RATES TRACKER
Asia-Pacific Central Bank Interest Rates
Where the region's main central banks stand, what they did at their latest meeting and when they decide next. Figures are compiled from official central bank publications. Last updated 28 Sept 2026.
6
Tightened in 2026
1
Eased in 2026
3
No change in 2026
| Central bank | Policy rate | Latest decision | Last change | Next decision |
|---|---|---|---|---|
Bank Indonesia (BI) BI-Rate | 5.75% | Hold 23 Sept 2026 | +25 bps (5.50% → 5.75%) 18 Jun 2026 | 21 Oct 2026 |
Bank of Japan (BoJ) Short-term policy rate (overnight call rate) | 1.25% | +25 bps 18 Sept 2026 | +25 bps (1.00% → 1.25%), effective 24 Sep 18 Sept 2026 | 30 Oct 2026 |
People's Bank of China (PBoC) 1-year Loan Prime Rate | 3.00% 5-year LPR 3.50% · 7-day reverse repo 1.40% | Hold 20 Sept 2026 | −10 bps (3.10% → 3.00%) 20 May 2025 | Not announced |
Reserve Bank of Australia (RBA) Cash rate target | 4.35% | Hold 11 Aug 2026 | +25 bps (4.10% → 4.35%) 5 May 2026 | 29 Sept 2026 |
Bank of Korea (BOK) Base rate | 3.00% | +25 bps 27 Aug 2026 | +25 bps (2.75% → 3.00%) 27 Aug 2026 | 22 Oct 2026 |
Reserve Bank of India (RBI) Policy repo rate | 5.25% | Hold 5 Aug 2026 | −25 bps (5.50% → 5.25%) 5 Dec 2025 | 7 Oct 2026 |
Bank Negara Malaysia (BNM) Overnight Policy Rate | 2.75% | Hold 3 Sept 2026 | −25 bps (3.00% → 2.75%) 9 Jul 2025 | 5 Nov 2026 |
Bank of Thailand (BOT) Policy rate | 1.00% | Hold 26 Aug 2026 | −25 bps (1.25% → 1.00%) 25 Feb 2026 | 28 Oct 2026 |
Bangko Sentral ng Pilipinas (BSP) Target reverse repurchase rate | 5.00% | +25 bps 27 Aug 2026 | +25 bps (4.75% → 5.00%) 27 Aug 2026 | Not announced |
Monetary Authority of Singapore (MAS) S$NEER policy band (no policy rate) | — | Tightened (slope raised slightly) 27 Jul 2026 | Slope of the band raised; width and centre unchanged 27 Jul 2026 | Not announced |
“Not announced” means the date has not been confirmed in an official schedule. MAS sets policy through the Singapore dollar exchange-rate band rather than an interest rate.
Upcoming decisions
- 29 Sept 2026 — Reserve Bank of Australia (RBA), currently 4.35%
- 7 Oct 2026 — Reserve Bank of India (RBI), currently 5.25%
- 21 Oct 2026 — Bank Indonesia (BI), currently 5.75%
- 22 Oct 2026 — Bank of Korea (BOK), currently 3.00%
- 28 Oct 2026 — Bank of Thailand (BOT), currently 1.00%
- 30 Oct 2026 — Bank of Japan (BoJ), currently 1.25%
- 5 Nov 2026 — Bank Negara Malaysia (BNM), currently 2.75%
Bank by bank
Tightened in 2026
🇯🇵 Bank of Japan
1.25%Second hike of 2026 after June; the September decision was a 7–2 vote.
🇨🇳 People's Bank of China
3.00%LPRs are fixed monthly (around the 20th) and have been unchanged for 16 consecutive months.
Source: english.www.gov.cn
🇦🇺 Reserve Bank of Australia
4.35%Next decision is due on 29 September 2026 at 2:30 pm AEST; this entry will be updated after the announcement.
Source: rba.gov.au, rba.gov.au
🇰🇷 Bank of Korea
3.00%Second consecutive hike, following a July increase according to press reports.
Source: bok.or.kr
🇮🇳 Reserve Bank of India
5.25%Neutral stance; standing deposit facility 5.00%, marginal standing facility 5.50%.
Source: rbi.org.in, rbi.org.in
🇲🇾 Bank Negara Malaysia
2.75%November's meeting is the last scheduled for 2026.
Source: bnm.gov.my, bnm.gov.my
🇹🇭 Bank of Thailand
1.00%Third consecutive hold after February's cut; August's decision was unanimous.
🇵🇭 Bangko Sentral ng Pilipinas
5.00%Third consecutive hike since April 2026 (cumulative +75 bps), according to press reports.
Source: philstar.com
🇸🇬 Monetary Authority of Singapore
—MAS manages the Singapore dollar's trade-weighted exchange rate instead of an interest rate. It also tightened in April 2026.
Source: mas.gov.sg
How to read this tracker
A central bank's policy rate sets the base cost of short-term money in its economy. Banks price deposits, business loans and mortgages off it, usually with a lag. When a central bank raises its rate (“tightening”), borrowing tends to become more expensive and the currency often gains support. When it cuts (“easing”), the reverse tends to happen.
Rates are not directly comparable across countries. Each reflects local inflation, growth and currency conditions. Differences between them also influence capital flows: a wider gap between US and Asian rates can put pressure on regional currencies. Bank Indonesia, for example, cited rupiah stability when it raised rates in 2026.
This tracker is updated by the NDNews desk after each official decision. It is general information, not financial advice. Always check the central bank's own release for the authoritative figure.