Reference Rate Still High, Foreign Bank Business Affected?

Jakarta, Armfalcon.com- Chairman of the Association of Indonesian International Banks (Perbina), Batara Sianturi sees that the room for Bank Indonesia to raise the benchmark interest rate again is quite limited. Where the relatively good trend of Indonesian inflation is a consideration for BI to hold the BI7DRR level at 5.75%.

For international banks, NIM conditions and well-maintained liquidity are enough to make banks hold down lending rates.

What is the impact of high interest rates on the international banking business? For more, see Anneke Wijaya’s dialogue with the CEO of Citibank Indonesia & the Chairperson of the Association of Indonesian International Banks (Perbina), Batara Sianturi at the Power Lunch,CNBCIndonesia (Thursday, 13/04/2023)