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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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Lower credit rates a pipe dream for consumers this year

  • Winny Tang and Rachmadea Aisyah

    The Jakarta Post

Jakarta | Mon, September 11, 2017 | 10:31 am
Lower credit rates a pipe dream for consumers this year Coordinating Economic Minister Darmin Nasution (center) chats with Deputy Energy and Mineral Resources Minister Arcandra Tahar (left) and Financial Services Authority (OJK) chairman Wimboh Santoso. (JP/Grace D. Amianti)

PREMIUM Bank customers who rely on bank credits to buy houses or vehicles may need to stretch their patience as they apparently will not see lower loan rates this year. It will take more than six months before banks trim down lending rates, a move aimed at reviving the appetite for investment in the country, the Financial Services Authority (OJK) has predicted. Following the central bank’s mov...