Politics
Warjiyo’s Departure Raises Scrutiny on BI Policy, Analysts Say
Key Points
Warjiyo’s Departure Raises Scrutiny on BI Policy, Analysts Say Bank Indonesia Governor Perry Warjiyo’s resignation is expected to heighten uncertainty and volatility across the nation’s financial markets, with analysts citing concerns over policy direction and central bank independence. The rupiah fell as much as 0.3% against the US dollar before paring, while 10-year government bond yields climbed four basis points when markets opened. The benchmark stock index was down as much as 0.8%,...
Warjiyo’s Departure Raises Scrutiny on BI Policy, Analysts Say
Bank Indonesia Governor Perry Warjiyo’s resignation is expected to heighten uncertainty and volatility across the nation’s financial markets, with analysts citing concerns over policy direction and central bank independence.
The rupiah fell as much as 0.3% against the US dollar before paring, while 10-year government bond yields climbed four basis points when markets opened. The benchmark stock index was down as much as 0.8%, underperforming most peers.