LPS Limbungkut Bunga Penjaminan Valas Jadi 1,75 Percent

Chairman of the Board of Commissioners of LPS Purbaya Yudhi Sadives. (Photo: ANTARA)

JAKARTA - The Deposit Insurance Corporation decided to raise the interest rate for deposit guarantees in foreign currencies at commercial banks by 100 bp to 1.75 percent.

Chairman of the LPS Board of Commissioners Purbaya Yudhi Sadives revealed that the LPS Board of Commissioners (RDK) Meeting also determined that the rupiah denomination guarantee interest at commercial banks remained at 3.75 percent and BPR remained at 6.25 percent.

"Furthermore, the guarantor's interest rate will apply for the period from December 9, 2022 to January 31, 2023," said Purbaya Yudhi Sadive at the LPS Guarantee Interest Rate Determination Press Conference, Wednesday, December 7.

He explained that this decision was taken after considering the dynamics of movement to maintain national financial stability that boosts the national economy.

Interest rates reflect the maximum limit on banking set by deposit interest rates in the banking industry

Furthermore, Purbaya said, this decision was taken taking into account three things, namely first, anticipating forward looking for uncertainty which is still high from economic conditions, financial markets, commodity prices, and export performance.

Second, providing space for banks to respond to global liquidity movements so that they can support economic recovery through lending.

Third, the synergy of cross-authorship policies in an effort to attract foreign liquidity such as foreign exchange of export products (DHE).

Just so you know, LPS routinely determines the guarantee interest three times a year. Unless there is a significant change.

"In this regard, banks are required to notify storage customers about the applicable deposit Insurance Rate and the maximum value of the deposit guaranteed by LPS by placing the information in a place that is easily known by the customer of the store," he concluded.