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Indonesia's push to boost lending may backfire as banks suffer

Banks not willing to lend due to lack of deposits, more bad loans and sluggish economy
Thursday, May 26, 2016 - 05:50
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The central bank may ease monetary policy again next month, governor Agus Martowardojo said but added that further easing would depend on stable economic conditions.

Jakarta

INDONESIA'S efforts to revive economic growth by bringing down lending rates are at risk of backfiring as they make banks the worst performers in the Jakarta Composite Index.

The Jakarta Stock Exchange Finance Index fell 5.1 per cent, the most among nine industry groups,