Bank Optimism as Loan Distribution Gains Momentum

When the benchmark interest rate decreases (BI rate), it triggers a reduction in investment costs. The decline in investment costs holds the potential to stimulate demand for productive loan, subsequently boosting output in terms of employment and income growth.

Redaksi

9 Jan 2024 - 10.25
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Bank Optimism as Loan Distribution Gains Momentum

An employee counting Indonesian Rupiah and US Dollars at a bank in Jakarta, Thursday, September 10, 2020./BISNIS-Arief Hermawan P.

Bisnis, JAKARTA - The banking industry serves as the primary engine driving the expansion of the business world. Gradually, the increased loan distribution by banks is also indicative of an economic recovery in the country.

"There is a significant possibility that the BI rate will decrease in 2024 in tandem with the decline in the FFR [Fed Fund Rate]. Most likely, this reduction will occur in the Q2 2024," stated Anton Hendranata, Chief Economist of PT Bank Rakyat Indonesia (Persero) Tbk., during a discussion on Tantangan Pelik Ekonomi di Tahun Pemilu (Complex Economic Challenges in the Election Year) held on December 13, 2023.

According to his analysis, a 1% reduction in the BI 7 Days Repo Rate (BI7DRR) would stimulate the growth of banking third-party funds (DPK) by 0.36%, household loan growth by 0.07%, and productive loan growth by 0.11%.

When the benchmark interest rate decreases, it triggers a reduction in investment costs. The decline in investment costs holds the potential to stimulate demand for productive loan, subsequently boosting output in terms of employment and income growth.

Cek Berita dan Artikel yang lain di Google News dan WA Channel
Editor: Rinaldi Azka
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Bank Optimism as Loan Distribution Gains Momentum

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