No.26/181/DKom
As a measure of liquidity in the economy, Broad Money (M2) maintained growth in July 2024. The position stood at Rp8,970.8 trillion in July 2024, with growth of 7.4% (yoy) after growing 7.7% (yoy) the month earlier. Narrow Money (M1) and Quasi-Money were the main contributors to M2 developments in the reporting period, posting 6.3% (yoy) and 7.2% (yoy) growth, respectively.
Based on the affecting factors, M2 growth in July 2024 was primarily influenced by disbursed loans and net claims on central government (NCG). Disbursed loans[1] in July 2024 grew 11.6% (yoy), up from 11.4% (yoy) the month earlier. Net Claims on Central Government (NCG) grew 15.8% (yoy) in July 2024, accelerating from 14.1% (yoy) in June 2024. Meanwhile, Net Foreign Assets (NFA) in July 2024 contracted 0.1% (yoy), after growing 3.1% (yoy) in June 2024.
More information on statistics concerning broad money as well as relevant analyses are accessible via this link.
Jakarta 23nd August 2024
Communication Department
Erwin Haryono
Assistant Governor
[1] Disbursed loans are limited to loans and exclude loan-type financial instruments, such as debt securities, banker's acceptances and repo claims. In addition, disbursed loans also exclude loans disbursed by offshore branches of locally incorporated commercial banks as well as loans allocated to the central government and non-residents.
