The central bank: At the end of January, the M2 balance increased by 7% year-on-year, and the M1 balance increased by 0.4% year-on-year.
On February 14, the central bank released the "Financial Statistics Data Report for January 2025."
Bank Indonesia Likely to Lower Rates Further in 2025 -- Market Talk
The People's Bank of China published the execution report of China's MMF policy for the fourth quarter of 2024.
On February 13, the People's Bank of China released the report on the implementation of China's MMF policy for the fourth quarter of 2024.
Indonesia Retail Sales Extend Modest Expansion in January
Indonesia Retail Sales to Continue Annual Growth in January
The central bank net withdrew 139 billion yuan today, and the liquidity situation is hard to describe as loose. The market expects that in February, regulation may increase the open market reverse repo operations to supplement liquidity.
① Due to the continuous large-scale net withdrawal of funds by the central bank after the holiday, the overall market liquidity remains relatively tight, which deviates from market expectations; ② In February, government deposits may freeze excess reserves of around 700 billion yuan. Considering the comprehensive impact of MLF and the maturity of reverse repos, the liquidity gap in February may be around 700 billion yuan. It is expected that the central bank will increase reverse repos to supplement medium- and long-term liquidity.