Bank Indonesia trims growth forecast for banking loans next year

Bank Indonesia has slashed its forecast for bank industry loan growth next year to between 19 percent to 22 –percent from the previous 22 to 24 percent, as the global economic slowdown is expected to impact the domestic economy, Halim Alamsyah, BI’s director of banking research and regulation, said.
Source: JakartaGlobe, Tue 9 Dec, section B