Indonesia Cenbank Says No Outright RRR Cut as It Expands Loan Incentive Scheme

June 03, 2024, 04.55 PM
Indonesia Cenbank Says No Outright RRR Cut as It Expands Loan Incentive Scheme

ILUSTRASI. Logo Bank Indonesia (BI) di gedung kantor pusat BI Thamrin, Jakarta, Jumat (24/5/2024). KONTAN/Cheppy A. Muchlis/24/05/2024

Source: ReutersEditor: Yudho Winarto

BANK INDONESIA / BI - JAKARTA. Bank Indonesia (BI) is not looking at an across-the-board cut in the reserve requirement ratio (RRR) for banks even as it expands a scheme offering relief for lending to certain sectors to support economic growth, a deputy governor said on Monday.

From June 1, lending to sectors such as automotive, trade, electricity, gas, and water utilities qualify for the incentives for relief from the 9% RRR rate.

Read Also: The Burden on The Middle Class in Indonesia has Increased Significantly

Thanks for reading Kontan English.
Please create account or log in.

Only Rp5,000 to continue reading.

BUY NOW!
Latest News