APAC Economic Comment: Indonesia: BI Governor resigns mid-term

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APAC Economic Comment: Indonesia: BI Governor resigns mid-term

Global Research

27 July 2026ab

First Read

EconomicsAPAC Economic Comment

Indonesia: BI Governor resigns mid-term Indonesia

Grace Lim

Economist

grace-k.lim@ubs.com

Governor Perry Warjiyo resigned unexpectedly

+65-6495 5965

Bank Indonesia (BI) Governor Perry Warjiyo unexpectedly resigned on 27 July 2026,

Joshua Tanja, CFAaround two years before the end of his second five-year term. The government stated

Analyst

that President Prabowo Subianto had accepted his resignation, while BI indicated that

joshua.tanja@ubs.com

the decision was made voluntarily for personal reasons. Under BI's legal framework, +62-21-2554 7030

Senior Deputy Governor Destry Damayanti has been appointed acting governor pending

Rohit Arorathe nomination and parliamentary approval of a permanent successor. As such, existing

Strategist

institutional arrangements should help preserve operational and policy continuity in the rohit-b.arora@ubs.com

near term. Nonetheless, investor attention is likely to shift quickly toward the succession +65-6495 5232

process and the profile of the eventual replacement.

Claire Long

First resignation since 2009; focus shifts to policy continuity claire.long@ubs.com

Governor Warjiyo's resignation appears to be the first voluntary resignation by a BI +65 6495 7426

governor since former BI Governor Boediono's departure in 2009 to join the presidential Teck Quan Koh

election as Susilo Bambang Yudhoyono's vice-presidential running mate. The timing is Strategist

notable given BI's recent efforts to stabilize financial markets, including 100bp of teck-quan.koh@ubs.com

cumulative rate hikes since May and other measures to support the rupiah, and it +65-6495 4416