OJK Responds to Prabowo's Request to Cut KUR Interest Rates

The Chairman of the Financial Services Authority (OJK) Board of Commissioners, Friderica Widyasari, supports President Prabowo Subianto’s plan to reduce the People’s Business Credit (KUR) interest rate to a maximum of 5% per year. “Of course, this is very good for supporting our society in obtaining such facilities,” she said at the Indonesia Stock Exchange on Monday, 11 May 2026.

The desire to cut the KUR interest rate was expressed by the Head of State during a speech at the Labour Day celebration at the National Monument in Central Jakarta on Friday, 1 May 2026. At that time, Prabowo highlighted the choking burden of loan interest on lower-class citizens.

According to the Head of State, there are still citizens bearing interest rates of up to 70% per year. Therefore, Prabowo instructed state-owned banks to lower the KUR interest rate. “Soon, we will disburse credit to the people at a maximum of 5% per year.”

In response to the plan, OJK Chairman Friderica stated that the KUR interest rate cut aligns with the Financial Information Service System (SLIK) established by her institution. SLIK is an information system that reports and displays credit or financing with amounts above Rp 1 million, either based on ceiling or outstanding debit for each debtor.

On the same occasion, Friderica encouraged KUR distribution not to be limited to banking but also to state-owned enterprises. “Perhaps other state-owned enterprises that are also good at disbursing credit to the public. For example, some names, surely you know, those can also be encouraged to become KUR distributors,” she said.