JAKARTA - Bank Indonesia's banking survey shows that in the last quarter of this year, investment credit interest rate will fall 2 bps to 12.38% and the working capital credit rate will be stable at 12.18% level. Meanwhile, consumption credit interest rate will rise 24 bps to 13.99%.
Executive Director of the Department of Communications BI Agusman said, there are several factors that affect the movement of loan interest. "Credit interest is influenced by macro and micro factors," Agusman said as quoted by Kontan last week.
Agusman mentions macro factors consisting of inflation rate, economic growth, aggregate demand and supply of credit. Meanwhile, the micro factor comes from the health of individual banks. As a result, credit interest will vary from time to time.
A number of bankers have predicted the potential decrease of interest on loans. Retail Banking Director of PT Bank Permata Tbk Bianto Surodjo said there is room for decreasing loan interest in the fourth quarter of 2017. The reason is that Bank Indonesia (BI) interest rate keeps coming down which leads to the cutting of fund interest and the support of sufficient liquidity availability.
Consumer Director of PT Bank Rakyat Indonesia Tbk (BRI) Randi Anto said, that his party will still cut the credit interest gradually. This is in line with the efficiency and cost of funds. (AM/EF)