The passing of Central Bank Governor Perry Warjiyo causes concerns in the market:
- makes the market wary about the independence of BI going forward
- whether the next governor will dare to tell the president “no”
- because monetary policy can be directed for the government’s interests
- it’s not purely about controlling inflation & the rupiah
- if BI’s independence is questioned, the impact: the rupiah weakens, SBN yield rises, risk premium rises
#BrentCrudeFallsAbout6%
#AIFearsSink10SP500StocksOver40%
#CXMTStarMarketIPORaises57.9BYuan
#GoldRises
$SAFE @Safe.eth #SAFE
- makes the market wary about the independence of BI going forward
- whether the next governor will dare to tell the president “no”
- because monetary policy can be directed for the government’s interests
- it’s not purely about controlling inflation & the rupiah
- if BI’s independence is questioned, the impact: the rupiah weakens, SBN yield rises, risk premium rises
#BrentCrudeFallsAbout6%
#AIFearsSink10SP500StocksOver40%
#CXMTStarMarketIPORaises57.9BYuan
#GoldRises
$SAFE @Safe.eth #SAFE