Indonesia's Broad Money Supply Expands 8.7 Percent in June: BI
- 23 Jul 2026 13:52 WIB
- Voice of Indonesia
Key Points
- Bank Indonesia (BI) reported that broad money supply (M2) grew 8.7 percent year‑on‑year in June 2026.
- M2 growth was largely driven by credit disbursements and net receivables from the Central Government.
RRI.CO.ID, Jakarta - Bank Indonesia (BI) reported positive growth in economic liquidity, or broad money supply (M2), in June 2026.
M2 stood at IDR 10.4 quadrillion (approximately USD 582.78 billion), marking an 8.7 percent year‑on‑year (yoy) increase, continuing the 10.8 percent (yoy) growth recorded in May 2026.
“This development was driven by growth in narrow money supply (M1) of 9.8 percent (yoy) and quasi‑money of 6.9 percent (yoy),” said BI Executive Director of the Communications Department, Ramdan Denny Prakoso, in a statement in Jakarta on Thursday, July 23, as quoted on BI’s official website.
Growth in M1 was supported by increases in rupiah demand deposits (10.4 percent), currency in circulation outside commercial and rural banks (15.9 percent), and rupiah savings accounts withdrawable at any time (6.8 percent).
Meanwhile, quasi‑money growth was primarily driven by a 6.0 percent (yoy) increase in time deposits, higher than the 3.3 percent (yoy) growth in May.
Denny explained that M2’s development was largely influenced by credit disbursements and net receivables from the Central Government. “Credit disbursement grew by 12.1 percent (yoy), while net receivables from the Central Government grew by 10.1 percent (yoy),” he said.
Third‑party funds (DPK) in June totaled IDR 9,718.8 trillion, representing an 8.1 percent (yoy) increase, driven by growth in checking accounts (10.2 percent yoy) and savings accounts (8.2 percent yoy).
Credit distributed by banks in June was recorded at IDR 8,916.7 trillion, representing a 12.1 percent (yoy) increase. The rise was driven by lending to corporate borrowers (19.3 percent yoy) and individual borrowers (3.5 percent yoy). ***
News Recomendation
Loading latest news.....