Indonesia- Economic conditions worsen. Of the public housing loan (KPR) is suspended, because of the rupiah against the dollar continues to weaken. With the termination of credit, the property industry threatened paralysis.

“I hear that all the credit KPR stopped, because there are difficulties to get liquidity in the banking system, so that determine the level of interest rates. You know deposits now offered 15% and the landing rate is above 20%,” said Chairman of KADIN, MS Hidayat told reporters on the sidelines between the President SBY bilateral visits with President of Brazil, Luiz Inacio Lula Da Silva in the Palacio Planalto President Palace, Brasilia, on Tuesday (18/11/2008).

According to Hidayat, with this condition, then there will be no people who can absorb such interest. “So, is there indeed must be efforts to lower the BI interest rate,” said Hidayat.

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