JAKARTA. Government is struggling to decrease credit interest rate to one-digit rate by the end of this year. The government is facing some challenges, including the slow growth of liquidity and the low demand for credit. According to the survey on banking sector released by BI on 14 October 2016, the decrease in credit interest rate will be slower in the fourth quarter of 2016. The credit interest rate has potentials to decline to the ranges of 2bps to at maximum 13bps in the fourth quarter of 2016. The credit at consumer segment is predicted to have lesser decrease rate. The BI survey mentioned that in average the consumption credit rate may decrease by 2bps to 15.37%.
Credit interest rate declines too slow
JAKARTA. Government is struggling to decrease credit interest rate to one-digit rate by the end of this year. The government is facing some challenges, including the slow growth of liquidity and the low demand for credit. According to the survey on banking sector released by BI on 14 October 2016, the decrease in credit interest rate will be slower in the fourth quarter of 2016. The credit interest rate has potentials to decline to the ranges of 2bps to at maximum 13bps in the fourth quarter of 2016. The credit at consumer segment is predicted to have lesser decrease rate. The BI survey mentioned that in average the consumption credit rate may decrease by 2bps to 15.37%.