Ratio of Liquid Assets to Deposits  Graph 7.b.
M1 & M2: Growth and Components %, yoy  %  40  15  35.1  35  13 29.5  30 25  9  20.7  20  7  15  5  10  3  5 0  11  1 1  3  5  7  9  2019  11 1  3  5  7  2020  9 11 1  3  5  7  9  11 1  2021  3  5  7  9  2022  Ratio of Liquid Assets to Deposits  6  8 10 12  2019  2  4  6  8 10 12  2020 M1  4  6  8 10 12  2021  Currency Outside Bank (COB)  Ratio of Liquid Assets to Deposits - Risk Appetite  2  Demand Deposits M2  2  4  6  9  2022 Quasi Money  Savings Deposits  Source: Bank Indonesia  Source: Bank Indonesia  policy by gradually absorbing excess liquidity through higher Rupiah Reserve Requirements (RR) ratio, among others, while still supporting the ability of the banking industry to disburse loans and purchase SBN in the primary market to finance the APBN.