S&P Warns of Risk of BI Governor's Resignation to Indonesian Monetary Policy - Kompas.id
S&P Warns of Risk of BI Governor's Resignation to Indonesian Monetary Policy - Kompas.id
Source: Kompas.id
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DW NOTE
S&P is flagging the governor's exit as a monetary policy risk, which tells you everything about how independent Bank Indonesia actually is. A central bank that becomes unstable when one person leaves is a central bank that runs on discretion, not rules — and discretion is just another word for political accommodation.