23.02.202604:00:00UTC+00Indonesia’s M2 Growth Edges Up to 10% YoY in January, Extending Liquidity Expansion

Indonesia’s broad money supply (M2) growth accelerated slightly in January 2026, with the year-over-year rate rising to 10.00%, up from 9.60% recorded in December 2025. The data, updated on 23 February 2026, points to a continued expansion in liquidity in the Indonesian financial system.

Both the current and previous readings are calculated on a year-over-year basis, comparing each month’s M2 level to the same month a year earlier. The move from 9.60% to 10.00% suggests a modest strengthening in money supply growth at the start of 2026, which market participants may watch closely for potential implications for inflation dynamics, credit conditions, and monetary policy signaling.

While the figures indicate only a marginal change, the uptick underscores that liquidity conditions remain supportive, with January’s print extending the relatively robust expansion seen at the end of 2025.