Money Supply Rebounds to Rp 7,572.2 Trillion in November 2021

Bank Indonesia (BI) recorded that the economic liquidity, or broad money supply (M2), experienced renewed growth in November 2021. In November 2021, the money supply reached Rp 7,572.2 trillion, growing by 11% compared to November 2020 (year-on-year/yoy).

The growth of M2 money supply in November 2021 (yoy) was higher than the previous month's growth. In October 2021, M2 money supply grew by 10.5% (yoy).

This increased growth is in line with the growth of the narrow money supply (M1) and quasi money. M1 money supply amounted to Rp 4,146.3 trillion, growing by 14.7% (yoy), a slight increase from the previous month's growth of 14.6% (yoy).

Meanwhile, quasi money in November 2021 was recorded at Rp 3,405.8 trillion, growing by 7.0% (yoy). This growth was higher than the previous month's growth of 6% (yoy).

On the other hand, securities other than shares recorded negative growth of 16.3% (yoy). This contraction was deeper than the previous month's growth of minus 10.6% (yoy).

Based on the influencing factors, the growth of M2 in November 2021 was influenced by credit disbursement and net foreign assets. Credit disbursement in November 2021 grew by 4.4% (yoy), higher than the previous month's growth of 3% (yoy).

Meanwhile, net foreign assets in November 2021 recorded growth of 10.6% (yoy), an increase compared to October 2021, which was 5.7%. Domestic net assets grew by 11.1% (yoy), higher than the previous month's 10.5%.