REPUBLIKA.CO.ID, JAKARTA - Head of Institusional at Bank ANZ Indonesia Sity Lea Samudera said the increase of BI rate would impact on property loan. Bank Indonesia (BI) increased its benchmark of interest rate by 50 basis points, from six percent to 6.50 percent.
"Growth of property is very enthusiastic as our interest rates are very low. Increase of BI rate will rise property loan," Samudera said on Tuesday.
Growth in emerging market is strongly influenced by reduction of quantitative easing policy by the Federal Reserves. So that, the movement of money into emerging market is very quick.
President Director of Bank Central Asia, Jahja Setiaatmadja said the company would rise its interest rates on mortgages and motor vehicle credit next month, between 0.5 percent to one percent. Thus, BCA's mortgage rates would rise to nine percent depending on tenor.
BCA set a target of credit growth of 18 to 20 percent in 2013. BCA’s mortgages grew by 75 percent in 2011, 50 percent in 2012 and 25 to 30 percent this year.
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