Indiana Sea

Swimming the Credit & Financial Currents

Indonesia’s Y/y Loan Development In October Decelerates

JAKARTA Dec 17 Loans by Indonesian banks in
October grew 10.4 percent from a year previously, slower than
Septembers 11.1 percent speed, main bank data revealed on
Thursday.On Thursday,

Bank Indonesia announced it held its standard
rate of interest at 7.50 percent, where it has actually been since
February.

The central bank has actually made a number of relieving steps this year,.
consisting of unwinding guidelines on home mortgages and vehicle loans and.
decreasing reserve requirement ratio, in an effort to improve loan.
development.

(Reporting by Nilufar Rizki, Hidayat Setiaji and Gayatri.
Suroyo; Editing by Richard Borsuk)

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