Indonesia advised to brace for long-term support

Monetary easing: Indonesia’s central bank last week joined the wave of global easing with its first rate cut in almost two years. — Reuters

JAKARTA: Indonesia must brace for a long period of global monetary policy easing, which will open the door for more interest rate cuts in South-East Asia’s biggest economy and a possible surge in foreign inflows, the nation’s newest central banker said.

Destry Damayanti, 55, was approved by the parliament yesterday as the senior deputy governor at Bank Indonesia, becoming the No. 2 official at the central bank and the first woman to hold the position since 2009.