No. 27/159/DKom
As a measure of liquidity in the economy, growth of broad money (M2) accelerated in June 2025. Growth of M2 in June 2025 accelerated to 6.5% (yoy) from 4.9% (yoy) in May 2025 thereby recorded at Rp9,597.7 trillion. The M2 developments were driven by growth of narrow money (M1) at 8.0% (yoy) and quasi-money at 4.7% (yoy).
M2 growth[1] in June 2025 was primarily influenced by disbursed loans and Net Foreign Assets (NFA). Disbursed loans in June 2025 grew by 7.6% (yoy) after increasing by 8.1% (yoy) the month earlier. NFA in June 2025 maintained a relatively stable at 3.9% (yoy) compared with growth in May 2025.[2] Meanwhile, net claims on central government (NCG) in June 2025 experienced an 8.2% (yoy) contraction, continuing the 25.7% (yoy) contraction recorded one month earlier.
More information on statistics concerning broad money as well as relevant analyses are accessible via this link.
Jakarta 29th July 2025
Communication Department
Ramdan Denny Prakoso
Executive Director
[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.
