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

NORD-DuoDrive.jpg: The innovative and patented DuoDrive geared motor reaches outstanding system efficiency Image: NORD DRIVESYSTEMS

Selasa, 17 Mei 2022 - 14:00 WIB

NORD DRIVESYSTEMS at LogiMAT in Stuttgart From 31st May to 2nd June 2022 NORD will present innovative drive solutions for intralogistics

The specialist LogiMAT exhibition in Stuttgart offers as comprehensive overview of the intralogistics and process management market. As one of the market leaders for drive technology, NORD presents…

President Jokowi attends the meeting between ASEAN leaders and American entrepreneurs at Intercontinental the Willard Hotel, Washington DC, Thursday (05/12). Photo by: Laily Rachev

Selasa, 17 Mei 2022 - 13:00 WIB

President Jokowi Invites US CEOs to Boost Cooperation with Indonesia

President Joko “Jokowi” Widodo has invited company CEOs in the United States to boost cooperation with ASEAN countries, particularly Indonesia.

President Jokowi, President Biden, and ASEAN Leaders on a group photo prior to the dinner, at the White House, Washington D.C., Thursday (05/12)

Selasa, 17 Mei 2022 - 12:28 WIB

President Jokowi, ASEAN Leaders Attend Dinner Hosted by US President

President Joko “Jokowi” Widodo Thursday (05/12) attended a dinner with the leaders of ASEAN countries hosted by President of the United States Joe Biden at the White House, Washington D.C.

(Photo: © 2022 KRAIBURG TPE)

Selasa, 17 Mei 2022 - 11:23 WIB

TPE unleashes benefits for pet accessories

The pet care market is rapidly expanding as pet ownership increases, as does spending on pet food, grooming tools, and accessories. Pet owners are significantly concerned about the prevalence…

Sergey Sedov, Founder and CEO of Robocash Group

Jumat, 13 Mei 2022 - 16:15 WIB

Robocash Group reached 2 BN USD of disbursement and issued audited financial report of 2021

Robocash Group publishes the audited combined financial statements for the year ended 31 December 2021. The Group reached an all-time high 2 BN USD of issued financing and is expected to increase…