Bank Indonesia governor Perry Warjiyo steps down
Bank Indonesia governor Perry Warjiyo has resigned for personal reasons, leading to the appointment of Destry Damayanti as interim governor. The surprise departure has caused market volatility as investors express concern over the central bank's future independence and fiscal stability.
Why it matters
The leadership change at a major central bank can significantly impact currency stability and investor confidence in emerging market economies.
Indonesia’s central bank governor Perry Warjiyo has stepped down, reportedly for personal reasons.
Listen JAKARTA – Indonesia’s central bank governor, Perry Warjiyo, stepped down from his role on July 27, a surprise move analysts said could rattle investors worried about the central bank’s independence and the country’s fiscal management.
President Prabowo Subianto has accepted Warjiyo’s resignation, State Secretariat Minister Prasetyo Hadi told reporters in an early morning press conference, ahead of the opening of financial markets in Jakarta.
Destry Damayanti, a senior deputy governor at Bank Indonesia (BI), has been appointed as interim governor. He said Warjiyo had stepped down for personal reasons.
The rupiah weakened as much as 0.14 per cent to 17,960 a US dollar during early trade, while the main stock index lost as much as 0.68 per cent before flipping to trade higher, gaining 0.26 per cent as at 0209 GMT.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in