No.25/261/DKom
As a measure of liquidity in the economy, positive broad money (M2) growth was maintained in August 2023. The M2 position in August 2023 stood at Rp8,363.2 trillion, with growth of 5.9% (yoy) after expanding 6.4% (yoy) the month earlier. Quasi-money growth of 8.4% (yoy) was the main contributor to the M2 developments.
Based on the affecting factors, M2 growth in August 2023 was primarily influenced by disbursed loans. Growth of disbursed loans[1] in August 2023 was recorded at 8.9% (yoy), after growing 8.4% (yoy) in July 2023 in line with productive loan performance. On the other hand, growth of Net Foreign Assets (NFA) in the reporting period stood at 4.7% (yoy), after increasing 9.0% (yoy) the month earlier. Meanwhile, net claims on central government remained relatively stable in August 2023 compared with the same period one year earlier, after contracting 12.1% (yoy) in July 2023.
More information on statistics concerning broad money as well as relevant analyses are accessible via this link.
Jakarta, 3st October 2023
Communication Department
Erwin Haryono
Executive Director
Information on Bank Indonesia
Tel. 021-131, Email: bicara@bi.go.id
[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.
