FX.co ★ Indonesia’s M2 Growth Eases to 8.3% in July, Signalling Mild Liquidity Cooldown

Indonesia’s broad money supply (M2) growth eased slightly in July 2026, with the year-over-year expansion slowing to 8.30%, down from 8.70% in June 2026. The figures, updated on 24 August 2026, indicate a modest cooling in liquidity conditions across the Indonesian economy.

Both readings are based on year-over-year comparisons, with the “previous” figure reflecting June’s change versus June a year earlier, and the “actual” showing July’s change versus the same month a year ago. The slight deceleration in M2 growth suggests that while monetary conditions remain supportive of economic activity, the pace of money expansion is gradually moderating, a dynamic that could influence credit growth, inflation trends, and broader financial conditions in the months ahead.