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Deposit rates of interest are most likely to go down instantly, however, adversely affecting these with savings deposits. Lower rates of interest may additionally bolster the country’s automotive industry, based on Mr Anton Jimmy Suwandy, advertising director of Toyota Astra Motor. “The economic conditions in Indonesia, post-COVID, have caused the middle class to decline by nearly 9.5 million individuals, making the property market struggle extra,†said Mr Bambang who additionally owns actual estate firm PT Cipta Graha. “The rate of interest cut will enhance economic exercise, business expansions and …

