A man passes in front of Bank Indonesia's building in Jakarta. (file)

BI maintains reference rate at 7.75 percent

REPUBLIKA.CO.ID, JAKARTA -- Bank Indonesia's (BI) board of governors decided to keep its reference rate at 7.75 percent, while the Lending Facility and Deposit Facility rates were maintained at 8.0 percent and 5.75 percent, respectively, on Thursday."The rates will still ensure that the short-term inflationary pressures caused by the government's recent decision to raise the price of subsidized oils...

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BCA's non-performing loan increases slightly

REPUBLIKA.CO.ID, JAKARTA - Director of Bank Central Asia (BCA), Suwignyo Budiman said that the bank's non performing loan (NPL) gross increased slightly in second half of 2014, from 0.4 percent to 0.5 percent. The increase was due to the company's policy to increase its interest rates on credit which impacted its customers.a "I think the total NPL was not much,...