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Jakarta Post
The Jakarta Post
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Economy in brief: LPS raises deposit insurance rate

  • The Jakarta Post

Jakarta | Fri, September 14 2018 | 03:02 am

PREMIUM The Deposit Insurance Corporation (LPS) on Wednesday announced the increase of its deposit insurance rates for both rupiah and foreign exchange-denomination savings as banks have started to raise their deposit rates in response to Bank Indonesia’s (BI) recent interest rate hike.The deposit insurance rate for savings in rupiah increased 25 basis points (bps) to 6.5 percent, while the deposit rate...

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