JAKARTA - Economic liquidity or broad money (M2) increased in September 2021. M2 position in September 2021 was recorded at Rp7,287.3 trillion or grew 8.0% (yoy), higher than the previous month's growth of 6.9% (yoy).
The increase was mainly driven by higher growth in the narrow money supply component[1] (M1) which reached 11.2% (yoy) and quasi money which grew 4.5% (yoy).
M2 growth in September 2021 was mainly influenced by lending. Loan disbursement grew by 2.0% (yoy), up from 1.0% (yoy) in the previous month.
On the other hand, slowing growth in Net Receivables to the Central Government and Net Foreign Assets restrained higher growth in the money supply. Net Receivables to the Central Government grew by 16.1% (yoy), slowing from 21.1% (yoy) the previous month. Meanwhile, Net Foreign Assets grew by 5.0% (yoy), lower than the growth in August 2021 which reached 6.0% (yoy). (LM)