Broad money supply (M2) rebounded in December
2024, rising 0.6% from the previous month. This was driven by a 4.7% increase in M1, which includes currency in circulation and demand deposits. Resident deposits also grew 0.7% month-on-month, while loans to residents declined. According to statistics released by the Monetary Authority of Macau, shares of MOP, HKD, RMB, and USD in M2 were 32.8%, 45.7%, 6.1%, and 14.1%, respectively. Total deposits in the banking sector increased 0.3% from the prior month to MOP1,272.9 billion, with the currency composition largely unchanged.
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