Analysts at Commerzbank Research said in a report that the Indonesian rupiah is expected to continue to weaken in the next few weeks as Bank of Indonesia Governor Perry Vajiyo's resignation increases uncertainty about the policy outlook. In the coming months, the central bank's independence and policy continuity will be the focus of attention, and the market will pay close attention to the appointment of a formal successor to Vajillo. They said that if acting governor Destry Damayanti is appointed, it may be welcomed by the market as this maintains policy continuity and the agency's credibility. However, if Thomas Givandono, the nephew of President Prabowo Subiendo and Deputy Governor, is appointed, it may once again raise investors' concerns about the independence of the Bank of Indonesia.

Analysts at Commerzbank Research said in a report that the Indonesian rupiah is expected to continue to weaken in the next few weeks as Bank of Indonesia Governor Perry Vajiyo's resignation increases uncertainty about the policy outlook. In the coming months, the central bank's independence and policy continuity will be the focus of attention, and the market will pay close attention to the appointment of a formal successor to Vajillo. They said that if acting governor Destry Damayanti is appointed, it may be welcomed by the market as this maintains policy continuity and the agency's credibility. However, if Thomas Givandono, the nephew of President Prabowo Subiendo and Deputy Governor, is appointed, it may once again raise investors' concerns about the independence of the Bank of Indonesia.