Bank Indonesia noted that the broad money supply (M2) in April 2021 amounted to Rp6,957.3 trillion or grew by 11.5% (YoY), an increase compared to the previous month's growth of 6.9% (YoY).

"Economic liquidity or money supply in a broad sense (M2) in April 2021 grew up in line with seasonal patterns in the month of Ramadan and ahead of Eid Al-Fitr," said the official publication of BI, Thursday (27/5).

This increase occurred in all of its components, namely the narrow money supply (M1), quasi money, and securities other than shares.

M1 growth in April 2021 was 17.4% (YoY), higher than the previous month's growth of 10.8% (YoY). Quasi money growth has also increased, from 5.9% (YoY) in the last month to 9.7% (YoY) in April 2021.

Based on influencing factors, the acceleration in M2 in April 2021 was mainly affected by an increase in net foreign assets, an increase in net receivables to the Government, and an improvement in lend