Bank Indonesia extends eased credit card rules to June 2022

Bank Indonesia Governor Perry Warjiyo talks during a virtual press conference held after the central bank's two-day policy meeting on Jan 21, 2021- Courtesy of Bank Indonesia

JAKARTA (The Jakarta Post/Asia News Network): Bank Indonesia (BI) has extended its relaxed repayment terms for credit card debt to the end of the second quarter next year to support economic recovery efforts.

Under the relaxed rules, minimum payment has been cut from 10 perc ent to 5 per cent of the outstanding credit balance.