TEMPO.CO, Jakarta - Bank Indonesia (BI) reported that the broad money supply (M2) in June 2026 grew by 8.7 percent year on year (yoy) to reach Rp10,432.8 trillion. Ramdan Denny Prakoso, Executive Director of BI's Communication Department, explained that this M2 expansion followed a 10.8 percent (yoy) growth rate in May 2026.
"This trend was driven by the narrow money supply (M1) growing by 9.8 percent (yoy) and quasi-money by 6.9 percent (yoy)," Ramdan said in a written statement quoted by Antara on Thursday, July 23, 2026.
The performance of M2 in June 2026 was primarily influenced by credit disbursement and net claims on the central government. Credit disbursement grew by 12.1 percent (yoy), accelerating from 10.8 percent (yoy) in May 2026.
In this case, credit provided is limited to loans and excludes loan-equivalent financial instruments, such as debt securities, banker's acceptances, and repo bills.
The figures also exclude credit extended by foreign commercial bank offices as well as loans disbursed to the central government and non-residents. Meanwhile, net claims on the central government grew by 10.1 percent (yoy), slowing from the 37.4 percent (yoy) surge recorded in May 2026.
Furthermore, BI reported that adjusted primary money (M0) grew by 13.8 percent (yoy) in June 2026 to reach Rp2,228 trillion, following a 14.2 percent (yoy) expansion in May 2026.
This growth was driven by a 14 percent (yoy) increase in currency in circulation and a 12.7 percent (yoy) rise in demand deposits at Bank Indonesia. Accounting for these drivers, the growth of adjusted M0 reflects the impact of liquidity incentives under monetary control.
Read: Indonesia's Forex Reserves Rise to US$145.6 Billion in June
Click here to get the latest news updates from Tempo on Google News
Indonesia's Forex Reserves Rise to US$145.6 Billion in June
16 jam lalu
Bank Indonesia stated that the US$145.6 billion foreign exchange reserves are above the international adequacy standard of around three months of imports.
Why Rupiah Slipped Despite Bank Indonesia's Rate Hold
20 jam lalu
The rupiah exchange rate in the domestic spot market slipped to Rp17,917 per US dollar at the close of trading on Wednesday, July 22, 2026.
Bank Indonesia Leaves Benchmark Rate Unchanged at 5.75%
23 jam lalu
Bank Indonesia said the move is part of efforts to support rupiah stability amid volatile global financial conditions.
Indonesia's Labor Absorption Slows, BI Survey Shows
3 hari lalu
Bank Indonesia (BI) survey showed Indonesia's employment growth slowed in Q2 2026, with manufacturing recording the deepest labor absorption decline.
Indonesia Pushes to Solidify Status as World's Fourth-Largest Coffee Producer
4 hari lalu
Bank Indonesia (BI) is seeking to strengthen Indonesia's position as the world's fourth-largest coffee producer through the 2026 JCFF in Surabaya.
Warning Lights Flash Across Indonesia's Economy
4 hari lalu
A range of economic indicators is flashing warning signs for the Indonesian economy. Many problems persist, with no visible efforts to address them.
Will Bank Indonesia Hike Rate to 6.5% This Year? Expert Weighs In
6 hari lalu
Bank Indonesia still has room to raise interest rates to maintain rupiah stability, according to an UOB economist.
BI Logs Rise in Indonesia's Foreign Debt in May: How Much?
7 hari lalu
Bank Indonesia noted that the expansion of government foreign debt was primarily driven by capital inflows into global government bonds.
Fact Check: Did Bank Indonesia Governor Really Hit TV Presenter Najwa Shihab?
9 hari lalu
Fact check - The circulating content that shows Bank Indonesia Governor assaulting Najwa Shihab is a result of AI manipulation.
What Caused Indonesia's Consumer Confidence Index to Fall in June?
14 hari lalu
Bank Indonesia (BI) recorded the Consumer Confidence Index (CCI) at 117.8 in June 2026.
