3 hours ago
8
February 24, 2025 | 11:29 am
TEMPO.CO, Jakarta - The liquidity of Indonesia's economy shows a positive trend at the start of 2025. Bank Indonesia (BI) reported that the broad money supply (M2) in January 2025 reached Rp9,232.8 trillion, reflecting a 5.9 percent year-on-year (yoy) growth, surpassing the previous month's 4.8 percent increase.
Ramdan Denny Prakoso, Executive Director of BI Department, explained that the liquidity growth is fueled by a 7.2 percent rise in narrow money (M1) and a 2.2 percent increase in quasi-money.
"The development of M2 is mainly influenced by credit distribution and net foreign assets," he said in an official statement on Monday, February 24, 2025.
BI noted that credit distribution in January 2025 grew steadily at 9.6 percent (yoy), slightly slower than the previous month's 9.7 percent.
Meanwhile, net foreign assets grew by 2.4 percent, a significant increase compared to December 2024 which only grew by 0.8 percent.
On the other hand, the net liabilities to the Central Government continued to contract by 14.3 percent (yoy), although it improved compared to the previous month's 17.5 percent contraction.
Ramdan explained that the money supply is influenced by credit distribution and net foreign assets. In January 2025, credit distribution grew by 9.6 percent (yoy), remaining relatively stable compared to the previous month's growth of 9.7 percent (yoy).
Meanwhile, net foreign assets increased by 2.4 percent (yoy) in January 2025, surpassing the previous month's growth of 0.8 percent (yoy).
Editor’s Choice: Bank Indonesia to Expand Support for Government's Housing Program
Click here to get the latest news updates from Tempo on Google News
Bank Indonesia to Expand Support for Government's Housing Program
2 hari lalu
Bank Indonesia (BI) Governor Perry Warjiyo said his side will support the government's affordable housing program.
Indonesia's Current Account Deficit Deepens in 2024, Seen Wider in 2025
3 hari lalu
Indonesia's current account deficit widened in 2024 as its merchandise trade surplus shrank amid weaker global demand.
Bank Indonesia Allocates Rp295 Tn Liquidity Incentives, Mostly to Private Banks
3 hari lalu
Bank Indonesia Governor Perry Warjiyo mentioned that the incentive has increased by 36 trillion rupiah compared to the end of October 2024.
Bank Indonesia Pauses Easing Cycle, but Says More Cuts to Come
4 hari lalu
Bank Indonesia, kept interest rates steady on Wednesday, emphasizing its focus on stabilizing the rupiah currency amid global uncertainties.
Bank Indonesia Prepares Rp180.9 Trillion for Eid Cash Exchanges
4 hari lalu
Bank Indonesia stated that the provision of new cash for this year's Eid period has slightly decreased compared to Eid 2024.
Bank Indonesia Reports Drop in Foreign Debt for Q4 of 2024
6 hari lalu
Bank Indonesia reports that Indonesia's foreign debt reaches US$424.8 billion, lower than the previous quarter's US$428.1 billion.
Bank Indonesia Says Liquidity Measure Will Support Government Housing Goal
11 hari lalu
Bank Indonesia (BI) has been using similar liquidity measures to spur credit growth since 2023.
U.S. Tariffs on China; Bank Indonesia Talks of Impact on Indonesia's Exports
15 hari lalu
High U.S. tariffs could affect strategic sectors that have long relied on the Chinese market.
Bank Indonesia Prepares for Potential Global Inflation Surge Due to Trump's Policies
16 hari lalu
Amid these global dynamics, Bank Indonesia affirms that Indonesia's external sector resilience is still relatively strong.
Rupiah Display on Google Increased to Rp8,000 per US Dollar, Here is Bank Indonesia's Response
21 hari lalu
Internet community in Indonesia was abuzz with the display of the rupiah exchange rate on Google strengthened to the level of Rp8,170.65 per US dollar
