Posts with tag: Bank Indonesia

Will Perry Warjiyo’s exit mark the end of a reformed Bank Indonesia?

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The real question here is not merely whether the next governor possesses technical credentials. It is whether the process results in the appointment of a governor able and willing to defend the rupiah, when doing so requires higher interest rates, tighter liquidity or resistance to government financing, and whether that governor can do so without jeopardising his or her tenure.

Credibility of Indonesia’s central bank and Constitutional Court at stake

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On 27 January 2026, Indonesia saw two political appointments that will test the independence of two of its most important state institutions. One was the appointment of  Gerindra Party politician Thomas Djiwandono, a nephew of President Prabowo Subianto, as deputy governor of Bank Indonesia (BI, the central bank of Indonesia). The other was the selection of senior Golkar Party politician Adies Kadir as a Constitutional Court justice.  

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