Indonesia central bank to ease lending restrictions to revive growth
[IAKARTA] Indonesia's central bank governor said on Tuesday it will support economic growth by loosening some lending requirements for banks.
"To nurture the growth momentum, BI will loosen the reserve requirement policy for loan-to-deposit ratio, loan-to-value for mortgages and downpayment for car and motorcycle loans," Bank Indonesia governor Agus Martowardojo told reporters.
Bank Indonesia on Tuesday kept its benchmark interest rate at 7.50 per cent.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US factory activity shrinks with price gauge highest since 2022
Hong Kong faces uphill battle to lure back Chinese tourists
Weak yen boosts tourist wallets in Japan
Gas prices are putting Washington’s boldest climate policy at risk
India collects record 2.10 trillion rupees as goods and services tax in April
China travel surges for May holiday but consumers remain wary