A key lesson Indonesia should learn from Turkey

The

replacement of Indonesia’s high-profile finance minister

is starting to look a bit like regime change. President Prabowo Subianto has made no secret of his belief that much needs to change for economic growth to have a prayer of reaching the rapid clip he desires. Great care should be taken on the road there.

The central bank, for one, has bought into Mr Prabowo’s agenda – to the point where the shock may become the norm. Last week’s interest-rate cut was anticipated by just two of 38 economists polled by Bloomberg. Fiscal policy, too, may slip guard rails that have served the archipelago well: The Parliament, where the President’s allies enjoy a big majority, will review a law that sets strict limits on the budget deficit and debt. One golden rule of politics, around the world, is don’t have a review unless you know the result you want.