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Communication Department​

1/31/2023 12:00 AM
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Money Supply Maintained Positive Growth in December 2022

Press Releases

​No.25/16​/DKom  ​ 

Broad money (M2), as a measure of liquidity in the economy, maintained positive growth in December 2022. Totalling Rp8,525.5 trillion, M2 growth was recorded at 8.3% (yoy) in December 2022. The development of M2 in the reporting period was driven by narrow money (M1)[1] and quasi-money growth of 9.5% (yoy) and 6.8% (yoy). 

Based on the affecting factors, M2 growth in December 2022 was primarily influenced by Net Foreign Assets (NFA) and disbursed loans[2]. NFA in December 2022 grew 4.9% (yoy), increased from 1.0% (yoy) in the month earlier.  Meanwhile, disbursed loans grew 11.0% (yoy) in December 2022, up slightly from 10.9% (yoy) the month earlier in line with the performance of productive and consumptive loans. 

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

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2021 position, M1 comprises currency outside banks (COB), rupiah demand deposits and rupiah saving deposits that can be withdrawn at anytime. 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
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Working hours: Monday to Friday, 08.00-16.00 West Indonesia Time​​​​
Halaman ini terakhir diperbarui 1/31/2023 10:17 AM
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