Bank Indonesia Decrease Interest Prepare Credit Policy

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One policy that will be prepared by the Bank Indonesia (BI) is about the decline in bank loan rates. This policy was made because the bank lowered interest rates only average credit 85 basis points (bps) does not comparable to the decrease in BI benchmark rate (BI-rate) of 300 bps.

"Later there was a policy that leads to it all (a decrease of credit interest), now we're studying," said Director of the Directorate of Banking Research and Settings Halim Alamsyah, in Jakarta, Friday. According to Halim, BI will examine several factors that make high bank operating costs, making it difficult to lower credit rates. He emphasized that the policy will have components that will be limited and stressed the bank efficiency. "Banks are not efficient would be to offer higher interest rates," he said. In addition, Halim said, BI is still continuing the present plan of implementation of the single policy (SPP) or a single bank ownership rules, particularly for state-owned banks.

In complying with the rules of this SPP, the Ministry of SOEs will realize the option of Bank Holding state formation after the year 2009 or post-general election in order to avoid suspicions of political nuance. Halim also said that the application of fees in 2010, but for this state-owned banks will be extended because the process is quite time consuming, especially in relation to consultation with the House.

Credit excitatory

Meanwhile, the BI policy regarding plans to change the minimum mandatory checking rules (GWM), economist of Bank CIMB Niaga Winang Budoyo said, was simply in order to stimulate the credit distribution. Thus it can be a positive point for the banking industry.

BI previously expressed will provide incentives for banks GWM decrease the active credit channel, while the banks that use the funds invested in debt securities will be raised GWM it. According to Winang, GWM reduction incentives will make larger banks in channeling credit to the community. With the decline in mortgage interest policy is expected to medium business sector will come back down crowded.