Broad Money Growth Accelerated in July 2020 - Bank Sentral Republik Indonesia
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October 02, 2020

Broad money (M2) growth accelerated in July 2020 on the back of narrow money (M1) and quasi-money. Totalling Rp6,567.7 trillion, M2 growth improved to 10.5% (yoy) in July 2020 from 8.2% (yoy) one month earlier. M1 growth increased from 8.2% (yoy) in June 2020 to 13.1% (yoy) in the reporting period as a result of Currency Outside Banks (COB) and rupiah demand deposits. Quasi-money growth ticked upwards from 8.1% (yoy) in June 2020 to 9.7% (yoy) in the reporting period. Meanwhile, securities other than shares experienced significant moderation from 31.4% (yoy) to 4.9% (yoy) in July 2020.

Based on the affecting factors, Net Foreign Assets (NFA) edged up M2 growth in July 2020. NFA growth soared to 17.6% (yoy) in July 2020 from 12.1% (yoy) the month earlier. The banking industry reported stable growth of outstanding loans in July 2020 at 1.0% (yoy). Meanwhile, the Government expanded fiscal operations albeit at a slower pace, as reflected by slower growth of net claims on the central government from 43.0% (yoy) in June 2020 to 40.8% (yoy) in July 2020.

Complete information and statistics concerning money supply as well as relevant analyses are available here

Head of Communication Department
Onny Widjanarko
Executive Director 
 
Information on Bank Indonesia
Tel. 021-131, email: bicara@bi.go.id


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