03 Aug '11, 1am

Indonesia cental bank studies limits on loans to robust sectors

Indonesia cental bank studies limits on loans to robust sectors

JAKARTA - Indonesia's central bank might impose rules to reduce rapid loan growth in sectors such as property and autos by limiting how much banks can lend to a proportion of the value of goods getting bought. The move signals that Bank Indonesia is considering ways to tighten policy without lifting interest rates to cool an economy seen growing nearly 7 per cent this year. Bank Indonesia has lagged regional peers in lifting rates this year as it has sought to spur bank lending and avoid attracting even greater "hot money" capital inflows looking for high yields in Southeast Asia's biggest economy. The central bank has left its benchmark overnight policy rate at 6.75 per cent since February, when it raised it by 25 basis points from a record low to calm investor nerves over inflation. It next meets to discuss policy on Aug. 9. Authorities are trying to seek a balance betwe...

Full article: http://www.asiaone.com/Business/News/Story/A1Story2011080...

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