Some Indonesia lawmakers eye removing central bank governor, Tempo magazine reports

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Some Indonesia lawmakers eye removing central bank governor, Tempo magazine reports

^{Published on 2025-02-16 23:20:49 - Reuters}

Some members of Indonesia's parliament plan to propose the president remove the central bank governor because they think he was not properly backing the government's policy, investigative magazine Tempo reported on Monday,

Some Indonesian lawmakers are considering the removal of Bank Indonesia Governor Perry Warjiyo before his term ends in 2028, according to a report by Tempo magazine on February 17, 2025. This consideration stems from dissatisfaction with the central bank's performance, particularly its failure to control inflation and stabilize the rupiah. Critics within the parliament argue that the central bank has not been aggressive enough in its monetary policy, leading to economic instability. However, there is no official confirmation from the parliament or the government regarding any formal steps towards his dismissal. The debate reflects broader concerns about economic management in Indonesia amidst global economic challenges.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/some-indonesia-lawmakers-eye-removing-central-bank-governor-tempo-magazine-2025-02-17/ ]

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