Only a few middle class
bank did marginal adjustment of Basic Credit Interest (SBDK) of Rupiah, while
other banks took the position of Wait-and-See. The condition today was still
not condusive for BI to make any decision to increase or lower BI Rate from the
present position of 7.50%. Pipelining of Bank’s interest including Consumptive
Credit was still stuck. Rupiah was again depreciated against USD from USD
12,825 (buying) and Rp.1,925 (selling) per USD (February 27) noon to become Rp.12,975
(buy) and Rp.13,065 (sell) per USD March 5, 2015. The case of conflict between
KPK and Police General Budi Gunawan was cooling off, another conflict bursted
out between the Governor of Jakarta Ahok and the Provincial Parliament (DPRD).
Business-people were more hesitant than over, and foreign investors who were
reserved about buying Promissory notes were increasing in number. (SS)
Business News - March 11, 2015
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