Indonesia Money Supply December 2024

24 Jan 2025 Valdy

Money M2: 4.4% YoY
Money M1: 5.8% YoY
Loan Growth: 10.4% YoY

Broad money supply (M2) growth slowed to 4.4% YoY, reaching IDR 9,211 trillion in December 2024, down from 6.5% YoY in November 2024. By component, M2 money development was driven by narrow money (M1) growth of 5.8% YoY and quasi-money growth of 0.3% YoY in December 2024. M2 money supply growth was supported by M1 money supply growth of 56.7%, consisting of currency growth outside commercial banks rural banks and rupiah demand deposits comprising electronic money and rupiah savings. M2 money supply growth has experienced a decline over the past year, contributing to the downward inflation trend.

By PHINTRACO SEKURITAS | Research
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