Jakarta, CNBC Indonesia- The Deposit Insurance Corporation (LPS) noted that there was a decline in the growth of savings from rich customers or those with a figure of more than IDR 5 billion. From 14-15% at the end of 2023 to 3.52% in January 2024.
Senior Economist, Fauzi Ichsan assessed a number of factors that caused the decline in savings of rich customers, starting from the position of the Rupiah exchange rate, the shift of investor funds to the stock market amidst expectations of interest rate cuts and the existence of investment options in bonds.
Fauzi saw that the loan to deposit ratio had risen to 84%, although this position was still better than the LDR during the pandemic. So it is hoped that indications of banking liquidity pressure will not be so great.
How do experts see the decline in savings from wealthy banking customers? What is the impact on banking liquidity? For complete details, see Anneke Wijaya's dialogue with Senior Economist & Chief Executive of the 2015-2020 Deposit Insurance Corporation, Fauzi Ichsan at Power Lunch,CNBCIndonesia (Wednesday, 07/02/2024)