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Indonesia central bank has full autonomy over interest rates, new chief says
Indonesia's incoming central bank governor says Bank Indonesia retains full autonomy in setting interest rates. The statement comes amid scrutiny of monetary policy independence in Indonesia, where pressure over rate decisions has drawn concern from investors and economists. The new leadership's pledge is being read as reassurance that rate policy will not be dictated by the government.
Why now: Investors and observers are focused on central bank independence under the new governor at a time of government pressure on rate policy.
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Evidence
- Indonesia central bank has full autonomy over interest rates, new chief says · Reuters
- Indonesia central bank has full autonomy over interest rates, new chief says · TradingView
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