Next Year Credit Interest Can Be Down

By : Wiyanto Dan Aldo Bella Putra | Friday, September 15 2017 - 23:00 IWST

Gedung Bank Indonesia
Gedung Bank Indonesia

INDUSTRY.co.id - Jakarta - Apparently the interest rate has not been able to decrease this year, although the BI 7 Day Reserve Repo Rate (RRR) has dropped and the LPS rate is the same.

Bank Indonesia (BI) hinted to the public to be patient in obtaining a decrease in loan interest.

"The impact of the LPS rate downgrade may be more than three months since the baseball is down now," said Dody Budi Waluyo, Deputy Governor of Bank Indonesia in Jakarta, Friday (16/09/2017).

On Thursday (15/9/2017) The Deposit Insurance Corporation (LPS) lowered its deposit interest rate by 25 bps to 6 percent for rupiah deposits in commercial banks.

Data showed that as of May 2017, bank credit growth stood at Rp 4.453 trillion or grew 8.6%, lower than the previous month's 9.4%.

"The impact could be next year to lending rates, also sustained fiscal conditions next year," he said.

News Comment

Today's Industry

Oleg Mogilevsky - Product Marketing Manager at Check Point Software Technologies (Photo by Linkedin)

Selasa, 10 November 2020 - 11:00 WIB

Five Reasons to Reevaluate Your Endpoint Protection

With the new emerging threats caused by remote working standards, security professionals need to reevaluate their approach to protecting endpoints. In order to do so, it’s vital that organisations…

Darrell Adams, Head of Southeast Asia & Oceania, Universal Robots (Photo by LinkedIn)

Selasa, 10 November 2020 - 10:30 WIB

Collaborative Robots Open New Horizons in Quality Control Processes

Collaborative robots (cobots) offer suitable solutions to manufacturers. Hence, cobot-based quality control and inspection systems that can transition between different end products in very…

Ilustration Hackers (Photo by Microwire.info)

Jumat, 30 Oktober 2020 - 11:20 WIB

Organisations Paid Hackers US$23.5 Million for These 10 Vulnerabilities in One Year

HackerOne report reveals cross-site scripting, improper access control, and information disclosure top list of most common and impactful vulnerabilities.

Clean Earth Technologies (CET)

Jumat, 30 Oktober 2020 - 10:30 WIB

Clean Earth Technologies’ New Class Of Polymers Invented By Associate Professor, Justin Chalker, Receives Australian Pm’s New Innovator Award

Associate Professor Justin Chalker has invented a novel class of polymers synthesised directly from elemental sulphur which is a waste by-product of the petrochemical industry and renewable…

Adi Ikan - Network Research & Protection Group Manager, at Check Point Software Technologies (Photo by Linkedin)

Jumat, 30 Oktober 2020 - 10:05 WIB

Measuring the Global Impact of the NSA’s Top 25 Vulnerabilities Being Exploited In the Wild

NSA’s list of top vulnerabilities were used to launch 3 million attacks in 2020, with 2.5 million of those attacks occurring in the last 6 months.