No. 27/251/Dkom
As a measure of liquidity in the economy, broad money (M2) growth accelerated in September 2025. M2 growth in September 2025 accelerated to 8.0% (yoy) from 7.6% (yoy) in August 2025, amounting to Rp9,771.3 trillion. The latest M2 developments were driven by growth of narrow money (M1) at 10.7% (yoy) and quasi-money at 6.2% (yoy).
M2 developments[1] in September 2025 were influenced by net foreign assets (NFA), disbursed loans and Net Claims on Central Government (NCG). NFA posted 12.6% (yoy) growth in the reporting period, increasing from 10.7% (yoy) the month earlier, thereby recorded at Rp2,085.3 trillion. Growth of disbursed loans in September 2025 accelerated to 7.2% (yoy) from 7.0% (yoy) in August 2025.[2] Meanwhile, NCG grew 6.5% (yoy) in the reporting period, up from 5.0% (yoy) in August 2025.
More information on statistics concerning broad money as well as relevant analyses are accessible via this link.
Jakarta, 30th October 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.
