Bank Indonesia asserts that inflation will remain under control and within its target corridor of 4.5±1% in 2014. Credit is projected to grow at 15–17% range which is consistent with the effort to bring the economy to a healthier and more balanced level. 21. Going ahead, challenges remain. We have to prepare ourselves to face a rocky and bumpy road ahead.
The new  2  BIS central bankers’ speeches  fiscal compact – that is soon to be ratified – is a step in the right direction. 1 It addresses some of the weaknesses of the previous fiscal governance framework. The fiscal compact has two main elements.