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Interest Rates

All Staying Mum, Except for BCA

Tuesday, June 25, 2002

Bank Central Asia has started to reduce interest rates. When will other banks follow suit?

. tempo : 173234750992.

THEY say that if you wait for something long enough, then it will eventually happen. The interest rate on Bank Indonesia Certificates (SBIs) has dropped significantly and it is to be hoped that the same thing will happen to interest on loans.

But this does not actually happen automatically. Only Bank Central Asia (BCA) last week started to reduce its interest on savings accounts by 50 base points to 14.5 percent, and interest on loans by

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