The broad money, reflecting the liquidity of country’s economy, grew stable in June (5.9% y/y). Banking credit or lending grew 10.5% to Rp4,992.3 trillion in June, compared to 10.2% growth in previous month. The controlled inflation, sufficient liquidity of financial system, sufficient foreign exchange (forex) reserves, controlled budget deficit, and improving banking sector reflect that the financial system’s stability is maintained amid growing global pressures.