As a measure of liquidity in the economy, Broad Money (M2) growth was maintained in March 2025. The M2 position stood at Rp9,436.4 trillion in March 2025, with relatively stable growth of 6.1% (yoy) compared to 6.2% (yoy) the month earlier. The development was driven by growth of narrow money (M1) and quasi-money at 7.1% (yoy) and 3.0% (yoy), respectively.

Based on the affecting factors, M2 growth in March 2025 was primarily influenced by disbursed loans and net foreign assets (NFA). Disbursed loans in March 2025 recorded 8.7% (yoy) growth compared with 9.7% (yoy) the month earlier. Meanwhile, NFA in March 2025 increased by 6.0% (yoy), accelerating from 4.1% (yoy) the month prior. On the other hand, net claims on central government (NCG) contracted by 8.6% (yoy) in March 2025 after declining 5.8% (yoy) the month earlier.