Bank Indonesia’s autonomy under scrutiny as Prabowo’s nephew joins leadership

The appointment of President Prabowo Subianto’s nephew to the leadership of Bank Indonesia (BI) has reignited debate over whether Southeast Asia’s largest economy can preserve the central bank’s independence – a question closely watched by foreign investors and currency markets. While some analysts warned that any perception the central bank could become more responsive to government financing needs risks capital outflows and pressure on the rupiah, others said Bank Indonesia’s collective...