Stimulus Modest Welcoming
Bank Indonesia and the Financial Services Authority relax the provisions for motor vehicle ownership loans. Players in the financial industry are not bold as to boast their performance will immediately spur.
Aisha Shaidra
February 22, 2021
THE plan is clearer last Thursday, February 18. That afternoon, after the Bank Indonesia (BI) Board of Governors meeting, BI Governor Perry Warjiyo announced a policy to relax the provisions for down payments for motor vehicle credit or financing. “To be at least zero percent for all types of new motor vehicles,” said Perry in a press conference that was held virtually.
This new policy will become effective from March 1 to Dece
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