{
    "success": true,
    "data": {
        "id": 1772759,
        "msgid": "lps-maintains-guarantee-interest-rate-at-3-50-1780056534",
        "date": "2026-05-29 18:06:42",
        "title": "LPS Maintains Guarantee Interest Rate at 3.50%",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Regulation",
        "summary": "The Indonesia Deposit Insurance Corporation (LPS) has maintained its guarantee interest rates at 3.50% for commercial bank rupiah deposits, 6.00% for Rural Banks, and 2.00% for foreign currency deposits, effective from 1 June to 30 September 2026. The decision, made despite Bank Indonesia's recent 50 basis point rate hike to 5.25%, reflects stable market conditions and strong banking liquidity, with LPS stating the current rates adequately support public confidence and financial stability.",
        "content": "<p>Jakarta, CNBC Indonesia - The Indonesia Deposit Insurance Corporation\n(LPS) has decided to maintain the Guarantee Interest Rate (TBP) at 3.50%\nfor rupiah deposits in commercial banks, 6.00% for rupiah deposits in\nRural Banks, and 2.00% for foreign currency deposits in commercial\nbanks. The TBP will be effective from 1 June 2026 to 30 September\n2026.<\/p>\n<p>The decision was made considering the limited increase in market\ninterest rates for rupiah and foreign currency deposits, strong bank\nintermediation performance in deposit gathering, adequate banking\nliquidity, and healthy interbank competition. Additionally, deposit\ncoverage remains well above the legal mandate, exceeding 90% of total\ncustomer accounts.<\/p>\n<p>Given these conditions, the current TBP is deemed sufficient to\nmaintain public confidence and strengthen banking stability.<\/p>\n<p>LPS will continue to regularly evaluate the TBP to ensure alignment\nwith future economic, banking, and financial market developments. This\nevaluation aims to preserve the credibility and effectiveness of LPS\u2019s\ndeposit insurance policy.<\/p>\n<p>The decision to hold the TBP comes despite Bank Indonesia (BI)\nofficially raising the benchmark BI Rate to 5.25% at its 19-20 May 2026\ngovernor\u2019s meeting. The 50 basis point hike follows BI\u2019s prior hold of\nthe benchmark rate at 4.75% since November 2026.<\/p>\n<p>It is worth noting that the TBP serves as a benchmark for banks to\nset deposit interest rates, as rates exceeding the TBP will not be\ncovered by LPS.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/lps-maintains-guarantee-interest-rate-at-3-50-1780056534",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}