Indonesian Central Bank Chief Affirms Rate Autonomy
Bank Indonesia retains full authority over interest rates despite closer government coordination. New governor Destry Damayanti confirmed policy independence amid investor concerns over political interference.
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Indonesia central bank governor Destry Damayanti said monetary policy remains fully autonomous despite closer government coordination. The remarks follow investor concerns over political interference and fiscal health in Southeast Asia's largest economy. The assurance comes as policymakers attempt to stabilize the rupiah after historic lows earlier in the year.
