THE 2010 Annual Banking Meeting in Jakarta in January has yet to result in a lowering of interest rates charged by Indonesian banks. For the umpteenth time acting Governor of Bank Indonesia Darmin Nasution appealed to the banking industry to lower its interest rates. Previously on 20 August 2009, 14 banks agreed to lower their interest rates, starting with bank deposits. But realization is slow in coming.

Bank Indonesia and the Department of In