Indonesia's New Finance Minister Suggests Continuity Amid Macro Uncertainty
Dow Jones
Yesterday
0304 GMT - Indonesia's appointment of new finance minister Suahasil Nazara suggests fiscal prudence, policy continuity and confidence amid macroeconomic uncertainty, CIMB economists say in a note. His appointment is seen as timely, as the country is facing higher oil prices. Brent crude oil prices hovering around $110 per barrel increases Indonesia's fiscal and inflation risks. Recent natural disasters in the country could also weigh on economic growth and add to spending needs, they note. However, as Nazara is a seasoned fiscal technocrat and a familiar policy hand, his experience should support policy coordination and execution. This would help anchor market confidence while balancing growth and stability, they say.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.