Bank Indonesia boosts liquidity for property loans to support housing goals

channelnewsasia.com

Bank Indonesia will increase liquidity for property loans from 23.2 trillion rupiah to 80 trillion rupiah ($4.9 billion) by reducing reserve requirements for banks. This aims to support the government's housing goals. The central bank has implemented similar measures since 2023 to boost credit growth in key economic sectors. Governor Perry Warjiyo emphasized the importance of the housing sector for economic growth and job creation. President Prabowo Subianto aims to build 3 million affordable houses annually. Recently, the government secured a deal with a Qatari investor for one million homes.


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