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BI governor-elect seeks BI law amendment
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Bank Indonesia governor-elect Perry Warjiyo. (Antara/Hafidz Mubarak)
T
he candidate for Bank Indonesia (BI) governor, Perry Warjiyo, who was endorsed by a House of Representatives’ commission on Wednesday, expressed his intention to revise Law No. 23/1999 on BI to obtain more authority to manage the country’s economy.
He said in Jakarta on Wednesday BI needed more authority so that it could participate in accelerating economic growth, as the existing law only limited its authority to keep the currency and inflation stable.
“The objective is that we should not only look into the stability of the rupiah, but we have to take part in stabilizing the financial system to support the economy,” Perry said during a fit and proper test event at the House of Representatives’ building as reported by kontan.co.id.
He said the central bank could have a role in encouraging economic growth through, for example, its macroprudential policy, which reduces instability in the financial system.
“There is a macroprudential policy and other policies. We want to talk about it later,” Perry told the lawmakers of the House’s Commission XI, which oversees financial affairs.
Previously, Perry expressed confidence that the Indonesian economy could grow 6 percent annually as long as the country could expand exports, by exploring more economic resources.
In response to Perry's proposal, Commission XI member Andreas Eddy Susetyo said the BI law revision could not be implemented in the near future because the bill had not been included in the House’s National Legislation Body (Baleg). (bbn)
