Bank Rakyat Indonesia (BRI) has clarified its deposit pricing strategy, explaining why its offered rates have not yet aligned with the Bank Indonesia (BI) benchmark rate.
The lender stated that its deposit interest rates are determined by a range of factors, with liquidity conditions and broader market dynamics playing central roles in the decision-making process.
75%. Despite this benchmark, BRI's deposit rates have remained at different levels, reflecting the bank's independent assessment of its funding needs and competitive positioning.
The explanation comes as the BI policy rate, or BI-Rate, stands at 5.75%.
Despite this benchmark, BRI's deposit rates have remained at different levels, reflecting the bank's independent assessment of its funding needs and competitive positioning.
The bank emphasized that its approach is designed to balance cost efficiency with the need to attract deposits in a dynamic market environment.
This divergence highlights the ongoing tension between central bank policy signals and individual bank pricing strategies in Indonesia.