Indonesia's central bank has a new acting governor—but will the government let her do her job?
Destry Damayanti faces a crucial test as Indonesia's central bank governor, navigating political pressures from President Prabowo Subianto. The authors emphasize Bank Indonesia's imperative to maintain autonomy for market confidence and to prevent capital flight. Prabowo's authoritarian tendencies and desire for control risk undermining economic stability. Destry must prioritize defending the rupiah and resisting presidential interference, even if it requires unpopular rate hikes. Reaffirming the central bank's independence is vital to reassure investors and counter concerns about subservience to government spending goals. Her actions will largely determine the nation's economic future.
LiveMint · mint · Aug 16, 2026 at 10:00 AM