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For Asia's Newest Central Bank Chief, It's a Trial by Fire

  • Warjiyo takes reins at Bank Indonesia amid market selloff
  • Central bank last week raised rates for first time since 2014
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Indonesia Supreme Court swears in Perry Warjiyo as new governor of Bank Indonesia. Bloomberg’s Nasreen Seria reports.(Source: Bloomberg)
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A central bank chief’s first day on the job doesn’t get much tougher than this.

When Perry Warjiyo was named as Bank Indonesia’s new governor last month, a rout in global emerging markets was only just starting to take hold. With the rupiah having slumped almost 3 percent against the dollar since his appointment, and investors continuing to dump the nation’s stocks and bonds, the 59-year old faces a trial by fire.