BTN Has Not Raised Mortgage Rates Despite BI Rate Increase

Jakarta, Kompas.com — President Director of PT Bank Tabungan Negara (Persero) Tbk, Nixon Napitupulu, said the Bank Indonesia (BI) Rate increase had been anticipated beforehand. According to Nixon, the decision was a move by the central bank to safeguard the stability of the rupiah’s exchange rate. The BI Rate rise was not surprising as it is one of the instruments to curb pressure on the rupiah. ‘We had expected it to rise because it is aimed at maintaining monetary and exchange-rate stability. I even predicted 50 basis points, and it turned out to be 50,’ he told reporters on Friday (22 May 2026). Nevertheless, BTN has not yet adjusted lending rates, including home loans (KPR). ‘We haven’t considered the impact on our lending yet. There has been no rate adjustment; there’s no need to worry,’ he said. BTN is also reviewing the impact of the BI Rate hike on deposit rates. Nixon said changes in savings rates usually do not occur immediately. ‘Both effects on deposits are also under review, and they usually do not occur immediately in line with the deposit maturities,’ he said. ‘Usually around three months,’ he added. However, the impact of the rate increase on BTN’s housing loans is considered relatively limited. The majority of BTN’s KPR products use a fixed-rate scheme.