Bank Indonesia

The veteran economist’s global standing and experience could signal policy continuity, say economists

She had been considered a front runner due to her strong market credibility and constructive relationship with the president 

June trade deficit at US$450 million vs forecast US$790 million

Core inflation was at 2.76% in July, close to the poll forecast of 2.8%

The rupiah has weakened past 18,000 per US dollar after the resignation of BI governor Perry Warjiyo on Jul 27

Markets are waiting to see if monetary policy credibility remains strong after leadership transition

He reportedly resigned for personal reasons; Destry Damayanti appointed as interim governor

It defies market expectations of another hike following back-to-back increases aimed at supporting the rupiah

Geopolitics has given way to issues related to the Fed, currency dynamics and El Nino