Banking Interest Rate Doesn't Drop, BI Highlights Special Rate For Big Depositors

Screenshot of the Governor of Bank Indonesia (BI) Perry Warjiyo explained the press conference material resulting from the BI Board of Governors (RDG) Meeting in November 2025 online in Jakarta. (Photo; Aris Nurjani / VOI)

JAKARTA - Bank Indonesia (BI) Governor Perry Warjiyo assessed that the policy of the Minister of Finance, Purbaya Yudhi Sadive, which places the government's more budget balance (SAL) on national banks should be followed by the acceleration of reducing credit interest rates.

"The relaxation of monetary policy that has been taken by BI and the placement of government SAL funds in banks need to be followed by a faster reduction in banking interest rates," he said in a virtual press conference, Wednesday, November 19.

For information, Purbaya has placed SAL of Rp200 trillion in five state-owned banks on September 12, 2025, namely Bank Mandiri, Bank Rakyat Indonesia (BRI), and Bank Negara Indonesia (BNI) each received Rp55 trillion, while the State Savings Bank (BTN) received Rp25 trillion and Bank Syariah Indonesia (BSI) Rp10 trillion.

The re-placement of funds was carried out on November 10, 2025, with a total of IDR 76 trillion, namely for Bank Mandiri, BNI, and BRI each getting IDR 25 trillion, and Bank Jakarta receiving an allocation of IDR 1 trillion.

According to Perry, the decline in banking interest rates is still running slowly.

Although BI has lowered interest rates by 125 bps, the interest rate for 1 month tenor deposits only fell 56 bps from 4.81 percent in early 2025 to 4.25 percent in October 2025.

Adapun suku bunga kredit menurun 20 bps dari 9,20 persen di awal 2025, menjadi 9 persen pada Oktober 2025.

"Terutama dipengaruhi oleh pemberian special rate kepada deposan besar yang mencapai 27 persen dari total DPK bank," ungkapnya.

The credit interest rate decreased by 20 bps from 9.20 percent in early 2025, to 9 percent in October 2025.

"Especially influenced by the provision of special rates to large deposits which reached 27 percent of the total bank's DPK," he said.