2023-01-26 03:43:17

Indonesian central bank's expanded mandate won't affect inflation framework - chief

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Channel NewsAsia
By Cna

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JAKARTA : Indonesia's central bank governor Perry Warjiyo said on Thursday the passage of a law last year that expanded Bank Indonesia's (BI) mandate would not affect its framework to tackle inflation.

Parliament in December passed into law a bill that widened BI's remit to include maintaining financial system stability to support sustainable economic growth, on top of its existing goal of keeping the rupiah currency stable, which includes curbing inflation.

There have been concerns that the new law may disrupt BI's autonomy, although government officials have repeatedly pledged the central bank would remain independent.

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