Positions of Note

THE preliminary meeting of the board of governors of Bank Indonesia (BI) on Tuesday two weeks ago felt different than usual. Lasting more than two hours, the atmosphere in this meeting, which was held on the third floor of the central bank’s headquarters in the Thamrin district of Central Jakarta, was more “heated” than usual.

News that was announced by one BI senior official at the start of the meeting was enough to make the central bank

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