23.04.202603:00:00UTC+00Indonesia’s M2 Growth Accelerates to 9.7% YoY in March, Extending Liquidity Expansion

Indonesia’s broad money supply (M2) growth quickened in March 2026, with the year-over-year expansion reaching 9.70%, up from 8.70% in February 2026. The latest data, updated on 23 April 2026, point to a continued acceleration in liquidity conditions within the Indonesian financial system.

Both the current and previous readings are measured on a year-over-year basis, comparing each month to the same month a year earlier. The rise from February’s 8.70% to March’s 9.70% suggests that monetary aggregates are expanding at a faster pace, which may reflect stronger credit activity, increased demand for money, or the lagged impact of earlier policy settings.

While the figures alone do not indicate the policy stance or inflation outlook, the sustained uptick in M2 growth will likely be monitored closely by market participants and policymakers as a signal of underlying momentum in Indonesia’s economy and financial conditions.