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Higher Deposit Interest Makes RI Rich People Lazy Shopping

Jakarta, CNBC Indonesia – The Deposit Insurance Corporation (LPS) hopes that interest rates on bank deposits will continue to fall so that the rich will return to shopping and not just save their money.

“If deposit rates can go down again, jumbo funds with a balance of above Rp 5 billion, which grows by 15 percent, hopefully it can be distributed,” said Chairman of the LPS Board of Commissioners, Purbaya Yudhi Sadewa in a press conference related to virtual financial system stability, Friday (6/06/2020). 8/2021)

“This means that rich people are reluctant to shop, because they may still enjoy big interest, when interest drops again, they want them not to be reluctant to spend so they will start shopping again,” he explained.

This will also encourage the economy in the second semester of 2021, which is likely to be depressed again due to the surge in Covid-19 cases. Whereas in the second quarter the economy managed to grow high at 7.07%.

“If the rich start spending, the economy should be boosted and the not-rich will receive the impact so that the economy will roll faster,” said Purbaya.

[Gambas:Video CNBC]

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