JAKARTA - Bank Indonesia (BI) recorded economic liquidity or money supply in a broad sense (M2) in December 2024 amounting to Rp9,210.8 trillion or grew by 4.4 percent (yoy), after previously growing by 6.5 percent (yoy).
BI Communications Department Executive Director Ramdan Denny Prakoso said the development was driven by narrow money supply (M1) growth of 5.8 percent (yoy) and quasi money of 0.3 percent (yoy).
"The development of M2 in December 2024 was mainly influenced by the development of lending and net bills to the Central Government (Pempus)," he said in his statement, Thursday, January 23.
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Denny conveyed that credit disbursement in December 2024 grew by 9.1 percent (yoy), after previously growing by 10.1 percent (yoy).
In addition, the net bill to the Pempus contracted by 17.4 percent (yoy), after previously growing by 1.1 percent (yoy).
Meanwhile, net foreign assets grew by 0.8 percent (yoy), relatively stable compared to growth in the previous month of 1.0 percent (yoy).
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