The existing mandate of Bank Indonesia (BI), which is independent of the government, is to manage the value of the rupiah currency through inflation and the exchange rate.
JAKARTA: Indonesia's central bank should add to its mandate a target of bolstering growth to support employment and ministers should attend monetary policy meetings and have voting rights, a panel of experts advising parliament on a new bill has recommended.
The panel presented on Monday the bill to parliament's legislative body (Baleg), which will discuss the recommendations and prepare an academic paper based on consultation with external experts, said Baleg Deputy Chairman Achmad Baidowi.
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