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Indonesian president nominates acting head to lead central bank
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Channel NewsAsia Asia Pacific News
JAKARTA: Indonesia's president has nominated acting central bank governor Destry Damayanti as the sole candidate to take over the job she has held since the abrupt resignation of Perry Warjiyo last month, the government said on Monday (Aug 10).
Parliament, which is in recess, will have the final word on the new governor - a nomination closely watched by markets.
Before taking over from Perry in an interim capacity, 62-year-old economist Destry had been a deputy governor of the central bank since 2019.
Compounding worries over Bank Indonesia's independence was a Bill passed in July that tasked parliament with evaluating the institution's performance and gave it responsibility for economic growth - a key focus of Prabowo's.
The bank's board of governors, comprising a governor and several deputies, decides on monetary policy and sets interest rates.