Indonesia Central Bank Governor Perry Warjiyo Resigns Unexpectedly
Perry Warjiyo, governor of Indonesia's central bank (Bank Indonesia), has unexpectedly stepped down from his position on March 18, 2025. His resignation was accepted by President Prabowo Subianto and announced during a press conference ahead of the opening of financial markets in Jakarta. Destry Damayanti, a senior deputy governor at BI, will serve as interim leader while Warjiyo cited personal reasons for his departure. The rupiah initially weakened following the news before recovering slightly later in early trade. Analysts expressed concerns that this move could undermine investor confidence and raise questions about central bank independence. Warjiyo had been reappointed to a second five-year term as BI governor in 2023, known for his steady leadership during economic uncertainty. His departure comes amid broader legislative changes strengthening the role of parliament in financial oversight.
Topics: Bank Indonesia currency interest rates market reaction resignation