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Indonesia's loan growth slows to 11.5% y-o-y

[JAKARTA] Indonesia's loan growth in January slowed slightly to 11.5 per cent from a year earlier, compared with an annual change of 11.6 per cent in December, the central bank said on Tuesday.

The central bank on Tuesday kept its benchmark interest rate 7.50 per cent and maintained its outlook for bank lending growth of 15-17 per cent this year.

Broad money supply (M2) in January rose 14.3 per cent year-on-year, compared with 11.9 per cent a month before.