No.27/277/DKom
As a measure of liquidity in the economy, broad money (M2) growth was maintained in October 2025. The M2 position in October 2025 was recorded at Rp9,783.1 trillion, with growth of 7.7% (yoy) after growing 8.0% (yoy) the month earlier. The latest M2 developments were driven by growth of narrow money (M1) at 11.0% (yoy) and quasi-money at 5.5% (yoy).
M2 developments[1] in October 2025 were influenced by Net Foreign Assets (NFA), disbursed loans, and net claims on central government (NCG). NFA posted 10.4% (yoy) growth in the reporting period, following 12.6% (yoy) growth in September 2025. Growth of disbursed loans in October 2025 stood at 6.9% (yoy) after growing 7.2% (yoy) the month earlier.[2] NCG grew 5.4% (yoy) in the reporting period, following 6.5% (yoy) growth in September 2025.
More information on statistics concerning broad money as well as relevant analysis are accessible via this link.
Jakarta, 21th November 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.
