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Communication Department​
9/23/2022 10:00 AM
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Money Supply Maintained Positive Growth in August 2022

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Broad money (M2), as a measure of liquidity in the economy, maintained positive growth in August 2022. The M2 position in August 2022 was recorded at Rp7,894.1 trillion, or growing 9.5% (yoy), after expanding 9.6% (yoy) the month earlier. The development of M2 in the reporting period was driven by  narrow money growth[1] (M1) of 13.7% (yoy).


M2 growth in August 2022 was mainly affected by developments of disbursed loans, fiscal operations, as well as Net Foreign Assets (NFA). Loans disbursed[2] in August 2022 grew 10.3% (yoy) after growing 10.4% (yoy) the month earlier. Meanwhile, net claims on central government contracted 22.4% (yoy) after contracting 11.0% (yoy) the month earlier. On the other hand, Net Foreign Assets (NFA) also experienced a 4.0% (yoy) contraction after contracting 4.6% (yoy) in July 2022.


More information on statistics concerning money supply as well as relevant analyses are accessible via this link​.


Jakarta, 23th September 2022

Head of Communication Department

Erwin Haryono

Executive Director

Information on Bank Indonesia

Tel. 021-131, email:


[1]   Since the September 2021 position, M1 comprises currency outside banks (COB), rupiah demand deposits and rupiah saving deposits that can be withdrawn at any time. Further explanation concerning the recent reclassification is available in Broad Money and Affecting Factors, August 2021.

[2​] 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.


​​Contact Center BICARA : (62 21) 131
E-mail :
Working hours: Monday to Friday, 08.00-16.00 West Indonesia Time​​​​

Halaman ini terakhir diperbarui 9/30/2022 10:33 AM
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