Indonesia central bank to ease lending restrictions to revive growth
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[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
Share with us your feedback on BT's products and services
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report
