Indonesia central bank governor addresses parliament on nomination for new term

JAKARTA (Reuters) – Indonesias central bank governor Perry Warjiyo addressed a committee in parliament on Monday to give lawmakers his policy vision after his nomination for a second five-year term.

Warjiyos term ends in May and he now needs to be confirmed by lawmakers after he became the sole candidate proposed by President Joko Widodo last month.

In a presentation to parliament‘s financial commission, Indonesia’s economic growth was seen in a range of 4.9% to 5.7% in 2025. For 2028, the presentation said growth could be in a range of 5.1% to 5.9%.

Bank Indonesia‘s 2023 growth outlook for Southeast Asia’s largest economy is at the upper end of a 4.5% to 5.3% range.

Warjiyo said BI is targeting inflation with a range of 1.5% to 3.5% in the medium term.

The full parliament is due to meet in early April to consider Warjiyos appointment.

(Reporting by Stefanno Sulaiman; Editing by Ed Davies, Kanupriya Kapoor)