JAKARTA - Chairman of the Board of Commissioners of the Financial Services Authority (OJK) Mahendra Siregar conveyed the results of a meeting with the Minister of Finance Purbaya Yudhi Sadive, regarding the monitoring of the placement of funds amounting to Rp200 trillion at Himbara Bank (State-Owned Bank Association).
He revealed that there were three main points as a result of monitoring his party regarding the placement of funds amounting to Rp200 trillion in Himbara Bank, namely that first, the placement of these funds succeeded in increasing banking liquidity and providing space for increasing lending by Himbara Bank.
Mahendra added that second, the placement of funds with a 4 percent interest rate contributed to the trend of lowering interest rates in general at Himbara Bank.
According to him, although the decline has not been maximized, the OJK noted that the impact is quite significant and will continue to monitor its development.
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"With the interest rate set, it turns out that 4 percent can also provide momentum or encouragement for the overall decline in interest rates at the Himbara Banks. It is quite significant, although ideally it will be even greater," he explained.
He added that third, the distribution of credit from Himbara Bank to debtors is expected to be able to encourage credit growth which in turn contributes to the acceleration of national economic growth.
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