FOR the first time in the past nine years, the interest rate of Bank Indonesia promissory notes (SBI) reaches its lowest level: 8.46 percent. In other words, the central bank is indeed serious in carrying out its threat to continue to force the banking sector to lower loan interest rates. As we know, the Indonesian banking sector has been relying heavily on SBI as a parking spot for the third-party funds that it has garnered.

With the lowest SBI i