Broad money (M2) growth, as a measure of liquidity in the economy, decelerated in November 2017. M2 stood at Rp5,320 trillion, with growth decelerating from 10.6% (yoy) the month earlier to 9.3% (yoy) as M1 growth slowed.

Based on the affecting factors, the Central Government was inclined to slow financial operations and the banks lowered their lending were more reluctant disposed to lend. By November 2017, the banking lending reached Rp4,635 trillion, grew 7.4%, lower than 8.1% growth in preceding month. Average lending rates also declined by 10 basis points to 11.45%. Similarly, the banks lowered interest rates on 1, 3, 6, 12 and 24-month term deposits from 5.89%, 6.32%, 6.74%, 6.93%, and 6.93% to 5.80%, 6.17%, 6.63%, 6.82% and 6.72%.