According to statistics released yesterday by the Monetary Authority of Macao, the broad money supply continued to fall in July. Meanwhile, both resident deposits and loans dropped from a month earlier.
Residents’ deposits dropped by 1.3% from the preceding month to MOP646.4 billion, while non-resident deposits also dropped 3.4% to MOP265.1 billion.
Statistics from the Monetary Authority of Macao showed that public sector deposits with the banking sector decreased 0.2% to MOP247.9 billion.
Thus, total deposits in the banking sector fell 1.6% from a month earlier to MOP1,159.5 billion.
The shares of MOP, HKD, RMB and USD in total deposits were 19%, 48.1%, 4.6% and 25.9% respectively.
Domestic loans to the private sector also dropped 1.5% from a month ago to MOP507.2 billion, while external loans also fell 2.3% to MOP565 billion. Data shows that the total loans to the private sector went down by 1.9% from a month earlier, to MOP1,072.2 billion.
At end-July, the loan-to-deposit ratio for the resident sector dropped from 57% at end-June to 56.7%.
The currency in circulation and demand deposits fell 0.6% and 5.5% respectively. LV
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