Indonesia passes sweeping bill expanding central bank role to spur growth

Indonesia passes bill expanding central bank role to spur growth

Indonesia passes bill letting parliament review central bank, sparking independence concerns

JAKARTA, June 4 — Indonesia’s parliament passed a bill today expanding the central bank’s role to include responsibility for economic growth and allowing lawmakers to evaluate its performance.As the rupiah plummeted to a historic low against the dollar, the house of representatives gave the green light for a legislative amendment that has raised alarm bells over central bank independence.Yesterday, Finance Minister Purbaya Yudhi Sadewa told parl…

Indonesia passes bill allowing parliament to evaluate central bank performance

JAKARTA: Indonesia's parliament passed a bill Thursday (June 4) expanding the central bank's role to include responsibility for economic growth and allowing lawmakers to evaluate its performance.

Indonesia passes sweeping bill expanding central bank role to spur growth

JAKARTA, June 4 : Indonesia's parliament on Thursday passed sweeping legislation that places further emphasis on Bank Indonesia supporting economic growth, while empowering lawmakers to evaluate independent financial regulators and the central bank.Parliament passed the bill by acclamation, with support from