However, in the  BIS central bankers’ speeches  3  context of Indonesia, relying solely on domestic demand has two significant implications. 27. Firstly, a high domestic demand may generate inflation since supply side is quite less flexible to respond to accelerated demand. Secondly, a high domestic demand may accelerate import even faster since import content in our industry is still perceived high.
I will also dwell briefly on our approach to communicating with the markets and the wider public. The ECB has been granted full independence from political interference in the pursuit of its overriding objective: the maintenance of price stability. However, it is still accountable to the European public in that respect.