Destry's Nomination Likely to Ease Concerns About Bank Indonesia's Independence

Dow Jones
08/11

0415 GMT - Acting Bank Indonesia Gov. Destry Damayanti's nomination as the sole candidate for governor should help ease concerns about the central bank's independence, Capital Economics' Gareth Leather says in a note. Her nomination is a welcome development, as it should provide continuity at the central bank, the senior Asia economist says. "A key test of her credentials will come next week, when BI holds its policy meeting," he adds. The central bank is likely to leave interest rates on hold, which would give further reassurance that monetary policy will remain focused on maintaining stability.

 

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