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View all search resultsEconomists agree that the nomination of the central bank governor for a second term in office signals predictability in Indonesia’s monetary policy as next year’s elections draw closer, but some consider him too obedient to the government.
The rupiah is likely to take an unexpected turn toward appreciation against the United States dollar in 2023, resulting in lower imported inflation, both Bank Indonesia (BI) officials and economists projected.
Bank Indonesia has announced that its roadmap for the country’s own central bank digital currency (CBDC) named the “digital rupiah” will start with a wholesale design, in a move that may bring the country closer to finally implement the long-awaited digital currency.