Hit by Interest Rates - Economy - magz.tempo.co

maaf email atau password anda salah

Hit by Interest Rates

Tuesday, September 6, 2005

BI’s decision to raise interest rates is starting to have an effect. Mutual funds have been hit by a rush and as little as Rp2.5 trillion is being redeemed each day.

. tempo : 173236234746.

A WAVE of commotion has hit mutual funds over the last week. The reason is that investors are all withdrawing their money from this sector of the finance industry. Around 200,000 investors have withdrawn their money. According to the Capital Market Supervisory Agency (Bapepam), between Monday and Wednesday last week, redemptions averaged Rp2.5 trillion per day.

This reaction was due to Bank Indonesia continuously increasing the interest rate f

...

Subscribe to continue reading.
We craft news with stories.

For the benefits of subscribing to Digital Tempo, See More

The Best Choice

Rp 54.945/Month

Active for 12 Months, Rp 659.340

*You Save -Rp 102.000
*Guaranteed update of up to 52 Editions of Tempo Magazine

Subscribe

Rp 64.380/Month

Active Every Month Cancel Anytime

*Free for the first month if using a Credit Card

Subscribe

See Other Packages

Already a Subscribed?
To receive daily news by Email,

More Articles

Prayer

Tempo English Tuesday, September 6, 2005
Prayer

Tempo English Tuesday, September 6, 2005
Prayer

Tempo English Tuesday, September 6, 2005
Prayer

Tempo English Tuesday, September 6, 2005

More exclusive contents

November 18, 2024
November 11, 2024
November 4, 2024
October 28, 2024

Independent journalism needs public support. By subscribing to Tempo, you will contribute to our ongoing efforts to produce accurate, in-depth and reliable information. We believe that you and everyone else can make all the right decisions if you receive correct and complete information. For this reason, since its establishment on March 6, 1971, Tempo has been and will always be committed to hard-hitting investigative journalism. For the public and the Republic.