As a measure of liquidity in the economy, broad money growth accelerated in November 2025. The M2 position in November 2025 was recorded at Rp9,891.6 trillion, as growth accelerated to 8.3% (yoy) from 7.7% (yoy) in October 2025. By component, the latest M2 developments were driven by growth of narrow money (M1) at 11.4% (yoy) and quasi-money at 5.9% (yoy).

M2 developments[1] in November 2025 were primarily influenced by net claims on central government (NCG) and disbursed loans. NCG in the reporting period posted 8.7% (yoy) growth after increasing by 5.4% (yoy) one month earlier. Meanwhile, growth of disbursed loans in November 2025 accelerated to 7.9% (yoy) from 7.0% (yoy) in October 2025.[2] On the other hand, Net Foreign Assets (NFA) recorded 9.7% (yoy) growth in November 2025, following a 10.4% (yoy) increase the month earlier.