Indonesia holds guaranteed rph deposit rate at 7 pct - News

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Indonesia holds guaranteed rph deposit rate at 7 pct

By: AFX | 11 Nov 2009 | 03:55 AM ET

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JAKARTA, Nov 11 (Reuters) - Indonesia's state-owned deposit insurance corporation (LPS) said on Wednesday it has kept its maximum guaranteed rupiah deposit rate unchanged at 7 percent. The state agency also kept its guaranteed dollar deposit rate unchanged at 2.75 percent. Indonesia's commercial banks closely follow the maximum deposit rates as they affect lending rates and profitability. (Reporting by Dicky Kristanto; Editing by Sara Webb) (ga.arka@thomsonreuters.com; Reuters Messaging: ga.arka.reuters.com@reuters.net; +62 21 384 6364 ext 911)) (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)) Keywords: INDONESIA ECONOMY/DEPOSIT COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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