 Economic liquidity or money supply in a broad sense (M2) increased by 10.5 percent in July 2020 to IDR6,567.7 trillion or increased by 10.5 percent (yoy), higher than the previous month’s growth of 8.2 percent (yoy). ).
“The economic liquidity in July was supported by the narrow money supply component (M1) and quasi money,” said Executive Director of the Communication Department of Bank Indonesia (BI) Onny Widjanarko in his latest information in Jakarta, Monday.
He explained, M1 growth was recorded at 13.1 percent (yoy) in July 2020, higher than the growth in June 2020 of 8.2 percent (yoy), driven by an increase in currency and rupiah demand deposits.
Quasi money growth also increased, from 8.1 percent (yoy) in the previous month to 9.7 percent (yoy) in July 2020.
Meanwhile, securities other than stocks grew by 4.9 percent (yoy) in July 2020, lower than the previous month’s growth of 31.4 percent (yoy).
Based on the influencing factors, said Onny, the increase in M2 in July 2020 was due to the increase in net foreign assets. The increase in net foreign assets was recorded at 17.6 percent (yoy) in July 2020, higher than the increase in June 2020 of 12.1 percent (yoy).
Lending in July 2020 recorded a stable growth of 1.0 percent (yoy).
Meanwhile, government finances grew positively, despite a slowdown as reflected in the growth in net claims to the central government, which slowed down from 43.0 percent (yoy) in June 2020 to 40.8 percent (yoy) in July 2020. (Antara)