Indonesia’s central bank governor, Perry Warjiyo, resigned on Monday in what was described as a surprise move, according to CNBC. The unexpected announcement has drawn attention from investors watching the country’s monetary institutions.

CNBC reported that the resignation raised investor fears over central bank independence. Such concerns typically arise when the leadership of a monetary authority changes without prior indication, leaving markets to assess the implications for policy continuity.

The departure also stirred worries about fiscal policy, according to CNBC. Investors often look to central bank leadership as a signal of how a country intends to manage its broader economic and monetary direction.

At the time of reporting, the sources available did not specify the reasons behind Warjiyo’s decision, nor did they name a successor or outline any transition arrangements. Further details about the circumstances of the resignation were not provided.

The reaction underscores the sensitivity of markets to leadership changes at major central banks, particularly when they occur unexpectedly. The full impact on Indonesia’s economy and financial markets remained to be seen based on the available information.