No.26/149/DKom
As a measure of liquidity in the economy, Broad Money (M2) growth accelerated in June 2024. The Broad Money position stood at Rp9,026.2 trillion in June 2024, with higher growth of 7.8% (yoy) compared with 7.6% (yoy) the month earlier. Narrow Money (M1) and Quasi-Money were the main contributors to M2 developments in the reporting period, posting 7.0% (yoy) and 7.7% (yoy) growth, respectively.
Based on the affecting factors, M2 growth in June 2024 was primarily influenced by disbursed Loans and Net Foreign Assets (NFA). Disbursed loans[1] in June 2024 grew 11.5% (yoy), relatively stable compared with 11.4% (yoy) the month earlier. Net Foreign Assets (NFA) in June 2024 grew 3.1% (yoy), improving from 0.6% (yoy) in May 2024. Meanwhile, Net Claims on Central Government (NCG) grew 14.0% (yoy) in June 2024 after growing 22.7% (yoy) in May 2024.
More information on statistics concerning broad money as well as relevant analyses are accessible via this link.
Jakarta 29th July 2024
Communication Department
Erwin Haryono
Assistant Governor
[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.
