Indonesia Loan Growth Falls to 7.7% in June, Lowest in 8 Months
Jakarta. Loans extended by Indonesian banks grew 7.7 percent in June from a year earlier, the slowest pace for any month since October, the financial services authority said on Friday (18/08).
In May, annual loan growth was 8.7 percent.
Bank Indonesia (BI) will hold a policy meeting on Tuesday.
A Reuters poll showed BI is expected to keep its benchmark interest rate unchanged at 4.75 percent, where it has been since October, despite sluggish private consumption.
In 2016, the central bank cut the benchmark rate six times, by a total of 1.5 percentage points, in a bid to spur faster loan growth.
Reuters
Tags: Keywords:POPULAR READS
Business
25 minutes ago
Fallen Crypto Mogul Sam Bankman-Fried Sentenced to 25 Years in Prison
Sam Bankman-Fried was sentenced Thursday to 25 years in prison for a massive fraud on hundreds of thousands of FTX customers.
Lifestyle
49 minutes ago
HKTB Targets Indonesian Muslim Tourists for Hong Kong
With a population of around 270 million, Muslim tourists from Indonesia will continue to be an important tourism segment.
News
3 hours ago
Jokowi and Prabowo Bond, PDI-P and PKB Ministers Absent from Cabinet Ramadan Gathering
President Joko Widodo (Jokowi) along with Vice President Ma'ruf Amin invited the Ministers of the Indonesia Maju Cabinet for an iftar (breaking fast) gathering at the State Palace, Thursday, March 28, 2024. (Beritasatu.com/Ilham Oktafian)
Business
3 hours ago
Eid Homecoming Economy: Kadin Forecasts Rp 157 Trillion Turnover in 2024
Kadin projects that the financial turnover during the 2024 Eid al-Fitr holiday period will reach Rp 157.3 trillion ($9.92 billion)
Special Updates
14 hours ago
Razer Patricia Gets Finest Physiotherapy Treatment Ahead of 2024 El Run
Razer underwent a thorough medical examination at the Intibios Healthcare Center on Hang Tuah Street in Jakarta on Thursday.Popular Tag
Most Popular
1
Indonesian Horror Movie 'Kiblat' Considered Affront to Islam
2
Police Investigation Reveals 1,000 Indonesian Students in Germany Exploited as 'Ferienjob' Laborers
3
Indonesian Police Reveal 'Ferienjob' Trafficking Scheme Involving Dozens of Students
4
IDI Warns Eid Travelers of COVID-19 and Singapore Flu
5
Anies Baswedan Challenges Election Outcome as MK Begins Disputes Hearing