Tag: CAR

Positive Outlook on the Financial Industry

Indonesia’s central bank (Bank Indonesia/BI) kept its benchmark 7-day Reverse Repo Rate at 4.25% on Thursday (Jan 18), while maintaining the Deposit Facility (DF) and Lending Facility (LF) rates at 3.50% and 5.00% respectively. This policy, it said, is consistent with the well-maintained macroeconomic and financial system stability, while also building domestic economic recovery momentum.

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Banking Update

Indonesia’s central bank (Bank Indonesia/BI) notes that the transmission of monetary policy softening through interest rates has continued as reflected in lower rates both for lending and deposit. BI expects this declining trend in lending to continue next year.

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