BI Affirms the Revision of Law by the DPR Legislative Body would Not Interfere with BI’s Independence

The number of Americans applying for jobless benefits resumed its decline, signaling a gradual improvement in the battered labor market. Jobless claims in regular state programs decreased by 33,000 to 860,000 in the week ended Sept. 12, which coincides with the reference period for the government’s monthly jobs report, according to Labor Department figures released Thursday. Continuing claims, the total number of Americans on state benefit rolls, fell by almost 1 million, to 12.6 million, in the week ended Sept. 5. (Bloomberg)

The Governor of Bank Indonesia, Perry Warjiyo, emphasized that the revision of the Bank Indonesia Law by the DPR Legislative Body is believed not to interfere with BI’s independence. In fact, the Government has guaranteed that the monetary authority will remain independent. Perry stated that the revision of the BI Law was a form of the DPR’s initiative and until now there had not been any joint discussions with the Government. (Investor Daily)

Source: Danareksa Sekuritas Debt Research

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