Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Indonesia’s Destry wins parliament’s backing as central bank chief, to prioritise stability

Cooperation with state agencies would not compromise central bank independence, said Destry at her Aug 26 vetting

Indonesia's incoming central bank governor, Destry Damayanti, has been endorsed by parliament as the nation's first female leader of Bank Indonesia. Speaking after the approval on September 1, Destry emphasized economic stability as her top priority, highlighting the need to adapt policies to current circumstances. Despite global uncertainty, she assured that maintaining stability would remain the bank's primary focus.

President Prabowo Subianto is anticipated to issue a decree formally appointing Destry. The central bank will collaborate with the government to control inflation and ensure sufficient liquidity. Destry, 62, previously served as a senior deputy governor since 2019 and is expected to provide continuity in monetary policy while maintaining a strong relationship with the Prabowo administration.

Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at businesstimes.com.sg →

More in Finance & Markets

More from Tuesday 1 September →