Interest rate transparency has helped lower basic lending rate: BI 4th May 2021
Workers complete the construction of subsidized housing (KPR) in Pattallassang, Gowa district, South Sulawesi. The basic interest rates for loans for consumption, mortgage and non-mortgage loans, as well as for corporations have started to dip in the last two months, according to BI. (ANTARA PHOTO/Arnas Padda)
Bank Indonesia provides information on basic lending rates to the public and then sends sentiment to banks in a positive way to then continue to lower their basic lending rates JAKARTA (ANTARA) - Bank Indonesia s policy asking banks to ensure transparency regarding lending rates has provided a positive impetus to banks for reducing their basic lending rate (SBDK).
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