INDONESIAN CENTRAL BANKER’S EXIT SIGNALS DILEMMA OVER RATE POLICY, GROWTH TARGET

The sudden resignation of Bank Indonesia’s governor highlights a dilemma that he and his central bank peers in the region have faced in calibrating interest rates – either tighten policy to defend weakening currencies… Perry Warjiyo’s exit has fuelled speculation that he was under pressure to do more to support President Prabowo Subianto’s economic growth agenda.

News - South China Morning Post reports that the sudden resignation of Bank Indonesia’s governor highlights a dilemma that he and his central bank peers in the region have faced in calibrating interest rates – either tighten policy to defend weakening currencies…

The report adds: Perry Warjiyo’s exit has fuelled speculation that he was under pressure to do more to support President Prabowo Subianto’s economic growth agenda.

Warjiyo, who led the Indonesian central...

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