BCA considering cutting interest rate on deposits

Jakarta (ANTARA News) - PT Bank Central Asia (BCA) Tbk said it is still waiting and seeing the possibility of cutting its deposit interest rate after the cut in the rate of the Deposit Insurance Agency (LPS) by 0.25 basis point.

"We will see what could be the result of cutting the interest rate on deposit as we think demand for credit would rise toward the end of the year," President Director of BCA Jahja Setiaatmadja said on the sideline of the IV meeting of Indonesia Knowledge Forum (IKF) here on Wednesday.

Jahja said if demand for credit would increase the bank would not cut the interest rate on deposit as the bank would need more fund to finance credits.

Currently , the interest rate on deposit at BCA is still below the LPS rates .

On Tuesday, LPS cut its interest rate on saving in rupiah and foreign exchange.(*)

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