Jakarta, CNBC Indonesia- The US Central Financial institution, The Fed, determined to keep up the Fed Funds Price (FFR) stage at 5.25%-5.50% within the November 2023 FOMC.
Senior Economist, Halim Alamsyah views that the present period of excessive rates of interest will proceed for a very long time or increased for longer. The place the rise in rates of interest This situation will even have an effect on banking amidst the financial institution’s efforts to spice up credit score.
This situation has the potential to suppress credit score growth, particularly to sectors which can be delicate to rates of interest. Other than that, the pretty restricted liquidity situations of small banks are a present problem.
What’s the affect of the period of excessive rates of interest on banking? For full particulars, see Anneke Wijaya’s dialogue with Senior Economist, Halim Alamsyah at Energy Lunch,CNBCIndonesia (Friday, 03/11/2023)
