No. 27/198/DKom
As a measure of liquidity in the economy, growth of broad money (M2) accelerated in July 2025. M2 growth reached 6.5% (yoy) in July 2025, up from 6.4% (yoy) in June 2025, amounting to Rp9,569.7 trillion. The M2 developments were driven by growth of narrow money (M1) at 8.7% (yoy) and quasi-money at 4.8% (yoy).
M2 developments [1] in July 2025 were primarily influenced by Net Foreign Assets (NFA) and Net Claims on Central Government (NCG). NFA in July 2025 grew by 7.3% (yoy) increasing from 3.9% (yoy) in the previous period, recorded at Rp2,004.1 trillion. NCG in July 2025 experienced a shallower 6.2% (yoy) contraction following an 8.2% (yoy) contraction in June 2025. Meanwhile, disbursed loans grew 6.6% (yoy) in July 2025 after increasing by 7.6% (yoy) the month earlier.[2]
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, 22th August 2025
Communication Department
|Junanto Herdiawan
Executive Director
