Anomaly as BI Rate Rises but Listed Companies Still Chase Jumbo Loans

The increase in Bank Indonesia’s benchmark rate (BI Rate) to 5.5% is bringing new consequences for businesses, particularly listed companies still aggressively relying on bank financing for expansion or debt refinancing. Amid rising interest rates, firms face higher interest costs and pressure on operational cash flow. Companies with high debt levels and floating-rate loan structures are considered most vulnerable. Nevertheless, corporate funding needs remain strong, with several listed companies actively pursuing large-scale credit facilities from both domestic and foreign banks.