Monday, 6 April 2015


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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