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Bank Indonesia Plans Easier Lending Rules as Key Rate Held

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Indonesia’s central bank said it will loosen lending rules to support growth, even as it resisted pressure to cut interest rates.

“To keep the economic growth momentum, Bank Indonesia has loosened macroprudential policy” and will soon revise the loan-deposit-ratio reserve-requirement regulation, the loan-to-value policy for mortgage loans as well as downpayments on automotive loans, Bank Indonesia said in a statement in Jakarta Tuesday, without giving details.