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Jakarta - Interest rates of deposit or savings Indonesian banking industry is quite high in ASEAN. Bank Indonesia (BI) revealed the need to review the level of bank deposit interest rates in Indonesia to improve the efficiency of larger banks.
The central bank interest rate deposit rate to be one burden for efforts to reduce bank lending rates.
"The main source of lending rate (interest rate) is high it is not on the rate and overhead costs, although it is also a component. The first one is the deposit rate (deposit rate) is too high in Indonesia," BI Governor Nasution in seminars on investment grade at the Ritz Carlton Pacific Place, SCBD, Jakarta, Wednesday (18/01/2012).
In the ASEAN region alone interest rate deposit or deposits are still higher than other countries such as Malaysia, Thailand, and Philippines. BI has been discussed with the Deposit Insurance Corporation (DIC) if it needs a guaranteed deposit rates were higher than the benchmark rate (BI rate).
"Malaysia and Thailand it is more efficient. We compare it with something like the Philippines, there's a deposit rate of 3%, while inflation is 4.5%," said Nasution.
He added, for a lower deposit rate of inflation requires more investment instruments, whether issued by the government, the Ministry of Finance, SOEs, and the private sector.
"It means the fund placement options should be strictly competitive, and should have no institutional push it higher interest rates. We've been coordinating with LPS (LPS), whether the interest rate guarantee on top of the BI rate," he said.
The efficiency rates of the two sides of both loans and deposits is expected to push overall efficiency so as to create price stability is created at reasonable limits.
"In the financial sector itself, the steps are carried out that BI is trying to encourage the efficiency of the case, the interest rate falls, the price equilibrium is in reasonable limits. It's not easy, needs to be done seriously and takes time," explained the former Director General of Taxation this.
(Dru / dnl)
source: detik.com
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The central bank interest rate deposit rate to be one burden for efforts to reduce bank lending rates.
"The main source of lending rate (interest rate) is high it is not on the rate and overhead costs, although it is also a component. The first one is the deposit rate (deposit rate) is too high in Indonesia," BI Governor Nasution in seminars on investment grade at the Ritz Carlton Pacific Place, SCBD, Jakarta, Wednesday (18/01/2012).
In the ASEAN region alone interest rate deposit or deposits are still higher than other countries such as Malaysia, Thailand, and Philippines. BI has been discussed with the Deposit Insurance Corporation (DIC) if it needs a guaranteed deposit rates were higher than the benchmark rate (BI rate).
"Malaysia and Thailand it is more efficient. We compare it with something like the Philippines, there's a deposit rate of 3%, while inflation is 4.5%," said Nasution.
He added, for a lower deposit rate of inflation requires more investment instruments, whether issued by the government, the Ministry of Finance, SOEs, and the private sector.
"It means the fund placement options should be strictly competitive, and should have no institutional push it higher interest rates. We've been coordinating with LPS (LPS), whether the interest rate guarantee on top of the BI rate," he said.
The efficiency rates of the two sides of both loans and deposits is expected to push overall efficiency so as to create price stability is created at reasonable limits.
"In the financial sector itself, the steps are carried out that BI is trying to encourage the efficiency of the case, the interest rate falls, the price equilibrium is in reasonable limits. It's not easy, needs to be done seriously and takes time," explained the former Director General of Taxation this.
(Dru / dnl)
source: detik.com
please give me comments thanks
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