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INDONESIAN BIZ TOLD TO ASK FOR STANDARD INTEREST ON DEPOSITS.
JAKARTA, May 1 Asia pulse - In order to help lower lending rates, businessmen saving funds at banks should not ask for a deposit interest rate above the 7.75 per cent guaranteed by the government, a banker said.
"Businessmen would always ask for a low interest rate when they borrow money and a high one when they save it. Please you conglomerates should not ask for high saving interest rates so that lending rate could be lowered," president director of state-owned Bank BRI said here on Thursday.
He said that demand for high saving interest by big-time businessmen was the main cause why the lending rates so far were going down very slowly, in spite of the fact that Bank Indonesia ...
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Source: HighBeam Research, INDONESIAN BIZ TOLD TO ASK FOR STANDARD INTEREST ON DEPOSITS.