VIVAnews - A meeting of Board of Commissioner of the Deposit Insurance Agency (LPS) on Tuesday, Jan 12, set fair interest rate for Jan 15 - May 14 at seven percent. In addition, the fair interest rate of foreign exchange deposit was set at 2.75 percent.
"This applies to public banks," said Secretary of the agency Ahmad Fajarprana on Wednesday, Jan 13.
Meanwhile, the fair insurance interest rate for rural bank Bank Perkreditan Rakyat was set at 10.25 percent, unshaken compared to the period of September 15 - Jan 14.
He said that the agency during the meeting weighed about the cut in the BI Rate since November 2008 reaching 300 basis points, which is maintained at 6.5 percent.
"This is a fair range," he said.
Some macroeconomic indicators show that the economic downturn has gradually recovered given the increase in consumer's consumption and confidence.
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Translated by: Bonardo Maulana Wahono
