Indonesia Nominates 63-Year-Old Damayanti to Lead Central Bank as Rupiah Hits 1-Month High
Updated
Updated · CNBC · Aug 14
Indonesia Nominates 63-Year-Old Damayanti to Lead Central Bank as Rupiah Hits 1-Month High
3 articles · Updated · CNBC · Aug 14
Summary
Damayanti, Bank Indonesia’s senior deputy governor since 2019, was nominated as the sole candidate for governor and now faces parliamentary review and a vote.
The rupiah rose to its highest level in a month after the announcement, with analysts saying the choice of a central bank insider could reduce policy uncertainty.
If confirmed, the 63-year-old would become the first woman to lead Bank Indonesia after a career spanning academia, investment banking and financial regulation.
Her immediate test would be stabilizing a rupiah down more than 7% this year, while containing inflation and defending policy credibility amid higher oil prices and expectations of further Fed rate hikes.