Cempaka Business and Economy: SBY urges banks to cut interest rates

"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) - (Text version)

"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.
They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."

"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

Wednesday, March 11, 2009

SBY urges banks to cut interest rates

Erwida Maulia and Aditya Suharmoko, THE JAKARTA POST, JAKARTA | Wed, 03/11/2009 9:08 AM

President Susilo Bambang Yudhoyono urged the banking industry to drastically lower interest rates for lending Tuesday to propel the sluggish economy.

The request comes after banks widely refused to adjust their rates following Bank Indonesia's series of benchmark interest rate cuts that almost hit a four-year low of 7.75 percent recently.

Yudhoyono said although he understood it was not easy for banks to just cut the rates due to the “prudential” principle, banks would have to start “looking outward” during these hard times to help the business sector weather the impact of the deepening global economic crisis.

“I know there is prudence. I know you (banks) need time to improve your balance sheet. But don’t just look inward. Let's also look outward,” said Yudhoyono, while delivering his speech before members of the Indonesian Young Entrepreneurs Association Hipmi).

“You [banks] should understand the real intention of this [BI] policy and immediately adjust to it because it will bring benefits to all of us.”

Yudhoyono will hold a limited Cabinet meeting Wednesday to discuss the issue.

A lower BI rate may prompt banks to cut their lending rates, which will ease business costs and spur loan demand from consumers to purchase cars, motorcycles and houses. Around 70 percent of Indonesia's economy is driven by consumption.

Hipmi chairman Erwin Aksa said lower rates would provide “economic justice” not only to businesses, but also to their employees by helping the businesses expand and survive during this globally tight time.

“We appreciate the government’s fiscal stimulus package and BI’s monetary policy to cut their rates. However we would be more grateful if the banking industry quickly responded to the rate cut,” Erwin said.

BI director for banking research and regulation Halim Alamsyah said lending and deposit rates had declined 5 percentage points in the past weeks.

BI data reveals lending rates slid on average from 14.2 percent in the last week of December 2008 to 13.93 percent by the second week of March, while deposit rates declined from 8.75 percent to 8.32 percent.

“The decline isn’t steep, but it shows a downward trend,” he said, adding banks would need two to three months to adjust to BI’s new rate under normal conditions.

“Every bank is different. We need to see the structure or composition of their third-party funds, and balance between loans and third party funds. Some banks are quick in cutting the rates and some are not,” he said. Analysts have said the economy will run if lending rates are kept at below 13 percent.

Bank lending rates on average

Type of banks 4th week 2nd week

Dec. 2008 March 2009

State-run banks 12.95% 12.72%
Private banks 15.37% 15.53%
Regional banks 11.86% 11.94%
Foreign banks 12.97% 12.23%
Joint-venture banks 14.49% 13.05%

Bank deposit rates on average

Type of banks 4th week 2nd week

Dec. 2008 March 2009

State-run banks 7.5% 7.2%
Private banks 9.25% 8.98%
Regional banks 8.26% 7.89%
Foreign banks 7.71% 6.2%
Joint-venture banks ---- ---

Source: Bank Indonesia

Cempaka Business and Economy

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Wednesday, March 11, 2009

SBY urges banks to cut interest rates

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