Broad money supply (M2) growth accelerated to 8.3% Year-on-Year (YoY) in November 2025, reaching IDR 9,891.6 trillion, up from 7.7% YoY in October (Figure 1). By components, M2 expansion was mainly driven by stronger growth in narrow money (M1), which rose 11.4% YoY to IDR 5,748.0 trillion, up from 11.0% YoY in October, accounting for 58.1% of total M2. Meanwhile, quasi-money grew by 5.9% YoY in November 2025. The expansion in M1 was largely attributable to faster growth in rupiah savings deposits withdrawable on demand, which increased 7.5% YoY in November from 6.2% YoY in October. In addition, M2 growth was supported by an 8.7% YoY increase in net claims on the central government, alongside 7.9% YoY bank credit growth and a 9.7% YoY rise in net foreign assets in November 2025.