Economic liquidity, as reflected in broad money (M2), continued to record positive growth in February 2026. The M2 position in February 2026 reached Rp10,089.9 trillion, representing a growth of 8.7% (yoy), following a growth of 10.0% (yoy) in the January 2026. By component, the latest M2 developments were driven by growth of narrow money (M1) at 14.4% (yoy) and quasi-money at 3.1% (yoy).

M2 developments^[1] in February 2026 were primarily influenced by net claims on central government (NCG) and disbursed loans. NCG in the reporting period posted 25.6% (yoy) growth, accelerating from 22.6% (yoy) one month earlier. Growth of disbursed loans in February 2026 also continued the growth to 8.9% (yoy) from 10.2% (yoy) in January 2026^[2].

More information on statistics concerning broad money as well as relevant analyses are accessible via this link.

Jakarta, 27^th March 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.