Slide 18: Along with direct investment, such portfolio investment flows have supported the surplus in Indonesia’s Balance of Payment, making the foreign exchange reserves at the end of 2014 reach USD 111.9 billion (equal to 6.5 months of requirements for imports and payment of the Government’s external debts), compared to USD 99.40 billion at the end of 2013.
In addition, the word "increase" clearly signals that prolonged declines in the level of the HICP index would not be deemed consistent with price stability. There should be no doubt that the commitment of the ECB to maintain price stability is compatible neither with inflation above 2% in the medium term nor with deflation.