CIMB Niaga Lowered its Deposit Rate to 6.35%

PT Bank CIMB Niaga, Tbk (BNGA IJ) lowered its deposit interest rate from 6.75% to 6.35%, in response to lower Bank Indonesia’s 7 Days Reverse Repo Rate to 4.25%. According to Financial Services Authority, regulates capping of deposits for banks BUKU IV is maximum 75 bps above the Bank Indonesia reference interest rate 12-months.

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