Indonesia Pledges Reforms Will Ensure Central Bank Independence
- Finance minister says Bank Indonesia autonomy will be secured
- Parliament will deliberate sweeping financial reform this year
The Bank Indonesia headquarters in Jakarta.
Photographer: Dimas Ardian/BloombergThis article is for subscribers only.
Indonesia’s finance minister sought to dispel concerns over the future independence of the country’s central bank, saying proposals to increase the monetary authority’s role in supporting economic recovery will also ensure its autonomy.
A draft omnibus law that will overhaul a raft of financial-sector regulations, including the central bank’s charter, is on parliament’s legislative schedule for this year, Finance Minister Sri Mulyani Indrawati said Wednesday during a virtual forum hosted by Fitch Ratings Inc. that was attended by roughly 900 participants.