Era of High Interest Rates Continues, Banks Consider Adjustments

Please note that this article was automatically translated using Microsoft Azure AI, Open AI, and Google Translation AI. We cannot ensure that the entire content is translated accurately. If you spot any errors or inconsistencies, contact us atBank Indonesia Governor Perry Warjiyo along with Senior Deputy Governor Destry Damayanti and Deputy Governors Aida S. Budiman, Doni P.

In response to this issue, Edi stated that Bank Indonesia always monitors the dynamics of global and domestic economic developments. This will also be discussed in the Bank Indonesia Governor's Meeting this week, specifically on Wednesday-Thursday, April 24-25, 2024.The BI interest rate is, right, the reference. So we don't have to follow it 100 percent, of course we have to look at each other's conditions.

These liquidity conditions, among other things, can be seen from the ratio of credit distribution compared to public funds and bank capital . The Financial Services Authority noted that banking LDR in February 2024 was 84.05 percent. Ideally, LDR is in the range of 80-90 percent.

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