Beginning of August, Policy leaves the official official LTV BI

JAKARTA, KOMPAS.com – Bank Indonesia (BI) decides to release the Loan To Value (LTV) and Financing To Value (FTV) arrangements and will be applied to the real estate sector on August 1, 2018.

such easing includes aspects of the LTV ratio easing for home loans and FTV ratios for real estate financing. In addition, Bi also facilitates the amount of credit facilities or financing through inden mechanisms, as well as the adjustment of the phased arrangement and the amount of disbursement or financing of the credit. "The policy should support the performance of the real estate sector which currently has a potential for acceleration and a considerable multiplier effect on the economy," said the governor of the Bank at a press conference on the results of the Board of Governors meeting.

Perry explains that makropurdential loosening of LTV may drive the housing sector which is the main sector of the Indonesian economy, thus providing an impact to boost economic growth.

See also: Entrepreneur Welcomes LTV Relaxing BI Plan

"This performance policy reinforces the previous macroprudential policy of the ratio of macroprudential intermediation (RIM) and macroprudential liquidity buffer (PLM). The goal is to maintain the function of banking intermediary and strengthen the management of bank liquidity.

"Macroprudential policy also has synergies with the minimum reserve policy (GWM) rupiah in the framework the reformulation of the operational framework of monetary policy. "Monetary policy reform, in addition to improving the flexibility of bank liquidity management and encouraging the function of banking intermediation, as well as that the action of BI to support the efforts of deepening financial markets.

The three policies will come into effect on July 16, 2018 for the bank agreed onnelle and October 1, 2018 for banking sharia.

The BI follows the macroprudential policy of loosening the loan-to-value ratio (LTV) to maintain the economic recovery and stability of the financing system with due regard for the aspects of prudence and consumer protection. (F, b, e, v, n, t, s) {if (f.fbq) returns; n = f.fbq = function () {n.callMethod?
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