WNA Globe

World News by Wild Rose

#central bank governor ร—

Indonesian central bankerโ€™s exit signals dilemma over rate policy, growth target

The sudden resignation of Bank Indonesiaโ€™s governor highlights a dilemma that he and his central bank peers in the region have faced in calibrating interest rates โ€“ either tighten policy to defend weakening currencies and contain inflation, or loosen it to support pro-growth mandates โ€“ according to analysts. Perry Warjiyoโ€™s exit has fuelled speculation that he was under pressure to do more to support President Prabowo Subiantoโ€™s economic growth agenda. Warjiyo, who led the Indonesian central...