medcom.id, Jakarta: President Director of Maybank Indonesia, Taswin Zakaria assessed decision from Bank Indonesia (BI) to cut its benchmark interest rate, BI rate, would help commercial banks to lower their rates.
"I think it is good, it shows BI could help us to lower our interest rates in the midst of challenging economic conditions recently," Taswin said in IDX Building, Jakarta (1/25/2016).
He added hopefully rate of third party fund could also be lowered down. "In the end it will leads with the lowering of credit interest rates," he added.
Moreover, Taswin explained credit interest rate in Maybank Indonesia will automatically follow BI rate. However, not all of them are lowered due to existing credit agreements.
"It will be automatic. However, some credit interest rate will not decrease due to credit agreements. But the adjustment is automatic," he concluded.
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