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Prabowo Nominates Nephew Amid Concerns Over Monetary Policy

1/19/2026

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Summary

Story summary

Indonesian President Prabowo Subianto nominated his nephew Thomas Djiwandono to Bank Indonesia's board.
Critics fear the appointment could raise government influence over monetary policy as Prabowo targets 8% growth by 2029.
Thomas Djiwandono is currently deputy finance minister.
He would replace Juda Agung, who resigned early.
Investors are wary as the rupiah weakens amid fiscal deficit concerns and new US tariff policies.

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Story summary

Indonesian President Prabowo Subianto nominated his nephew Thomas Djiwandono to Bank Indonesia's board.
Critics fear the appointment could raise government influence over monetary policy as Prabowo targets 8% growth by 2029.
Thomas Djiwandono is currently deputy finance minister.
He would replace Juda Agung, who resigned early.
Investors are wary as the rupiah weakens amid fiscal deficit concerns and new US tariff policies.