INTEREST RATES
Down Again

THERE’S a glimmer of hope for banking debtors. The central bank at the meeting of the board of governors on Wednesday last week decreased the Bank Indonesia (BI) Rate by 50 base points to 8.25 percent. The policy was adopted after BI saw economic and financial developments at home and abroad.

CEO of PT Bank Mandiri Tbk, Agus Martowardojo, promised to review the policy. Last January, Mandiri also reduced its interest