Updated
Updated · Bloomberg · Jun 5
Indonesia Denies Finance Minister Exit Rumors, Urges 3 Agencies to Tighten Coordination
Updated
Updated · Bloomberg · Jun 5

Indonesia Denies Finance Minister Exit Rumors, Urges 3 Agencies to Tighten Coordination

2 articles · Updated · Bloomberg · Jun 5

Summary

  • Indonesia said late Thursday there are no plans to replace the finance minister, pushing back on rumors that had spread among market participants.
  • State Secretary Prasetyo Hadi delivered the denial and said the Finance Ministry, Bank Indonesia and the Financial Services Authority should tighten coordination.
  • The response directly addressed market chatter over a possible cabinet change, signaling the government wants to steady confidence and present a unified policy front.

Insights

Is Indonesia risking its central bank's independence to chase job growth amid a financial downturn?
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