trending Market Intelligence /marketintelligence/en/news-insights/trending/nIWPfGm7N8tXA1ZhTvImog2 content esgSubNav
In This List

Bank Indonesia cuts interest rate ceiling for credit card transactions

Blog

Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

Banks’ Response to Rising Rates & Liquidity Concerns


Bank Indonesia cuts interest rate ceiling for credit card transactions

Bank Indonesia slashed the upper limit for the credit card interest rate that banks can charge customers as part of efforts to encourage electronic transactions, Reuters reported Dec. 14, citing regulation posted on the central bank's website.

The central bank said that from June 2017, card providers can charge an interest rate of up to 2.25% per month, down from the current ceiling of 2.95% per month.