Trump-Like Threat on Independent Central Bank Seen in Indonesia

Indonesia’s finance minister once wanted to run the country’s central bank. Now, he just wants to tell it what to do.

Purbaya Yudhi Sadewa, who rose from relative obscurity to become one of Indonesia’s most powerful officials, has told friends and colleagues over the years that he doesn’t believe the central bank should be independent, according to people familiar with the matter. The nation’s populist leader Prabowo Subianto agrees with him, the people said.