THE season of falling interest rates has arrived. Following the Federal Reserve’s 0.5 percent cut to its benchmark rate last Wednesday, Bank Indonesia (BI) followed suit by trimming its BI-Rate by 0.25 percent or to 6 percent the following day.

In theory, this should be good news. A reduction in the BI-Rate should lower various lending rates for corporations and consumers, which would positively affect the economy, especially if BI co