JAKARTA, Aug 18 — Loans extended by Indonesian banks grew 7.7 per cent in June from a year earlier, the slowest pace for any month since October, the financial services authority said today.
In May, annual loan growth was 8.7 per cent.
Bank Indonesia (BI) will hold a policy meeting on Tuesday.
A Reuters poll showed BI is expected to keep its benchmark interest rate unchanged at 4.75 per cent, where it has been since October, despite sluggish private consumption.
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In 2016, the central bank cut the benchmark rate six times, by a total of 1.5 percentage points, in a bid to spur faster loan growth. — Reuters
