Editorial
A plan to task Bank Indonesia with ensuring employment through economic growth comes at a bad time for the central bank.
A man walks past Bank Indonesia headquarters in Jakarta on Sept. 2, 2024. (Reuters/Ajeng Dinar Ulfiana)
A plan to task Bank Indonesia (BI) with ensuring employment through economic growth comes at a bad time for the central bank, which is struggling to defend the rupiah against strong selling pressure.A dual mandate is the exception rather than the norm in monetary policy.
The United States Federal Reserve (Fed) is required by Congress to work simultaneously toward maximum employment and stable prices.
