December 15, 2016 / 10:44 AM / 8 months ago

Indonesia October loan growth pace rises - c.bank

JAKARTA, Dec 15 (Reuters) - Loans by commercial banks in Indonesia expanded 7.5 percent in October from a year earlier, the central bank said on Thursday.

Loan growth in Indonesia had slowed from above 20 percent during the era of commodity boom to just 6.47 percent in September - the weakest pace since 2009.

In a bid to get banks to lend more, the central bank has trimmed its main policy rate six times this year by a total of 150 basis points.

Earlier on Thursday, Bank Indonesia held the main policy rate steady, citing global uncertainty. (Reporting by Nilufar Rizki, Hidayat Setiaji and Gayatri Suroyo; Editing by Richard Borsuk)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below