“Am I going to intervene with central bank policy? Or am I going to use Tommy as a puppet to control the central bank from a distance?” Purbaya said at the Indonesia Economic Summit in Jakarta. “That will be easily seen by any economist or any commentator or any policymaker. I am not going to do that.”
(Feb 3): Indonesian Finance Minister Purbaya Yudhi Sadewa defended his government’s economic track record in the wake of a recent slump in the rupiah and local stocks, while acknowledging a warning about transparency from MSCI Inc has merits.
In a wide-ranging interview with Bloomberg TV’s Haslinda Amin at a business forum in Jakarta, Purbaya said the government will stick with a rule limiting fiscal deficits to a maximum 3% of gross domestic product. He also downplayed concerns about the recent appointment of the president’s nephew Thomas Djiwandono to Bank Indonesia, arguing the appointee is qualified and the central bank remains independent.
