Interest Rates Fall, BI Confident Bank Credit Disbursement Can Reach 12% in 2026

Jakarta, CNBC Indonesia - Bank Indonesia Governor Perry Warjiyo is confident that the pace of credit or financing growth could reach 8-12% this year. The upper limit of this range is certainly higher than the realised credit disbursement growth last year, which was 9.69% year-on-year, lower than the 2024 period which grew 10.39%. “Credit growth in 2026 will be in the range of 8-12%, influenced by both demand and supply sides,” said Perry during the press conference on the results of the BI board of governors meeting, Wednesday (22/4/2026). Perry explained that the driving factors for future credit growth include the increasingly lower bank lending rates at present. As of March 2026, the lending rate, he said, has moved to 8.76%, or down 44 basis points from the previous period. Meanwhile, the deposit rate has fallen more rapidly to 4.19%, or a drop of 62 basis points. “These efforts are carried out through coordination in reducing the provision of special rates, which is now 26.3% of total DPK,” said Perry. With the low lending rates, Perry said, the pace of credit growth as of March 2026 has also risen higher to 9.49% from the previous month’s 9.37%. According to him, this high credit growth is also inseparable from banks’ efforts to optimise undisbursed loans, which are still Rp 2,527.46 trillion or 22.59% of the credit ceiling. “On the supply side, the banks’ financing capacity is adequate; DPK is still growing 13.55% in March 2026,” explained Perry.