Property Developers to See Tailwind from Rate Cut

Property Developers to See Tailwind from Rate Cut

The central bank’s decision to slash key rates is poised to be a tailwind for property developers.

Bisnis.com, JAKARTA — The central bank’s decision to slash key rates is poised to be a tailwind for property developers, analysts believe, though some will likely benefit more from others.

The rate cut itself was determined in a Bank Indonesia (BI) board of governors meeting held May 20–21, reducing the benchmark interest rate 5.50% and deposit rate to 4.75%, while lending rate remains at 6.25%.

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