FX.co ★ Indonesia’s M2 Growth Cools to 8.7% in June, Easing from 10.8% in May

Indonesia’s broad money supply (M2) growth eased in June 2026, with the year-over-year expansion slowing to 8.70% from 10.80% in May 2026, according to data updated on 23 July 2026. The figures reflect a moderation in liquidity growth in Southeast Asia’s largest economy as measured on a year-over-year basis.

Both the current and previous readings compare each month’s M2 level with the same month a year earlier, highlighting a deceleration in the pace at which money is circulating through the Indonesian financial system. The June 2026 print suggests that, after a stronger expansion in May, liquidity conditions may be normalizing, a trend that will be closely watched by markets and policymakers for its potential implications on credit dynamics and inflation.