No. 27/115/DKom
As a measure of liquidity in the economy, broad money (M2) growth was maintained in April 2025. The M2 growth in April 2025 stood at at 5.2% (yoy), following a growth of 6.1% (yoy) in the previous month, reaching a total of Rp9,390.0 trillion. The development was driven by growth of narrow money (M1) at 6.0% (yoy) and quasi-money at 2.4% (yoy).
M2 growth[1] in April 2025 was primarily influenced by disbursed loans and net claims on central government (NCG). Disbursed loans in April 2025 grew 8.5% (yoy) after increasing by 8.7% (yoy) the month earlier.[2] Meanwhile, NCG experienced a 21.0% (yoy) contraction after declining 8.7% (yoy) in March 2025. On the other hand, net foreign assets (NFA) in April 2025 posted 3.6% (yoy) growth, following 6.0% (yoy) growth recorded in March 2025.
More information on statistics concerning broad money as well as relevant analyses are accessible via this link.
[1] Adjusted Base Money (Adjusted M0) development can be read at the following link
[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.
Jakarta 3rd June 2025
Communication Department
Ramdan Denny Prakoso
Executive Director
