Jakarta, hitclubapk3 Indonesia
—
Governor of Bank Indonesia (
BI
) asked banks to immediately reduce interest rates after the Minister of Finance
Ancient
Yudhi Sadewa places the government’s Excess Budget Balance (SAL) at
banks
general.
Moreover, the placement of government funds is in line with the easing of monetary policy that has been carried out by BI.
“Our liquidity has expanded from monetary and macroprudential, plus the Minister of Finance has added liquidity from SAL which was originally transferred from the government account at BI to the bank,” said Perry in a virtual press conference for the Board of Governors Meeting, Wednesday (19/11).
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“Liquidity is excessive, interest rates need to fall quickly, both deposit interest rates and credit interest rates,” he continued.
Because of this, continued Perry, banks are encouraged to increase the supply of credit offers to the real sector.
Not only from the credit supply side, BI and the government also encourage demand for credit from the real sector.Perry said he had coordinated with the government through Deputy Minister of Finance Thomas Djiwandono.
Based on the results of the meeting with Thomas, Perry said the government would accelerate spending both through ministries/agencies and social protection so that it could increase public consumption and provide additional encouragement for private sector activities.
“With this fiscal expansion, it is hoped that public consumption, business investment and also production from the business world will increase, thereby increasing demand for credit from the real sector,” he said.
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(fby/dhf)
