Bill seeking greater oversight over BI is diluted – report
Lawmakers would not be able to remove central bank leaders but would have more supervisory powers
A bill under consideration by Indonesia’s parliament no longer contains a clause that would have allowed lawmakers to dismiss top officials at the country’s central bank.
According to an October 1 report from Reuters, the law would still increase the parliament’s supervisory powers over Bank Indonesia (BI) if passed. Experts have previously raised concerns about the bill and measures announced by BI last month to increase its co-operation with the government on fiscal policy.
The report said a
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