No.28/166/DKom
As a measure of liquidity in the economy, broad money recorded positive growth in July 2026. The M2 position in July 2026 reached Rp10,371.1 trillion, representing a growth of 8.3% (yoy), following a growth of 8.7% (yoy) in the June 2026. By component, the latest M2 developments were driven by growth of narrow money (M1) at 10.0% (yoy) and quasi-money at 5.6% (yoy).
M2 developments[1] in July 2026 were primarily influenced by disbursed loans and net claims on the central government. Disbursed loans grew by 13.0% (yoy), accelerating from 12.1% (yoy) in June 2026.[2] Meanwhile, net claims on the central government grew by 4.6% (yoy), following a growth of 10.1% (yoy) in June 2026.
More information on statistics concerning broad money as well as relevant analyses are accessible via this link.
Jakarta, 21st August 2026
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 extended to the central government and non-residents.
