- The Indonesian Parliament passed significant legislation on June 4, granting lawmakers the power to assess the independence of financial regulatory bodies and the central bank while emphasizing support for economic growth.
- This unanimous decision reflects the backing of all political parties but raises concerns among investors about potential political interference in the central bank.
- Amid growing investor skepticism, the Indonesian rupiah has depreciated over 7% against the dollar this year, hitting a record low, with the stock market falling over 30%.
