Economy / Indonesia
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Indonesia
April 2008 | Ratings UpdateSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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A parliamentary commission has approved the appointment of Chief Economic Minister Boediono as the new governor of the central bank, ending fears that a monetary policy void would be created at a time when rapidly accelerating inflation threatens to derail economic and social stability. The selection of Boediono as Burhanuddin Abdullah's successor has also calmed fears that political infighting may be set to escalate ahead of presidential and parliamentary elections in 2009. However, Boediono's move to the central bank will raise concerns over the vacancy he now leaves in the key post in charge of co-ordinating economic policy.