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.

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