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Home›Macau›Broad money supply continues to fall in December

Broad money supply continues to fall in December

By -
February 7, 2022
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Macau’s broad money supply decreased 0.5% month on month to 687.5 billion patacas in December 2021 with a stable share of patacas, the special administrative region’s monetary watchdog said Friday.

According to statistics released by the Monetary Authority of Macao, the currency in circulation and demand deposits increased 0.6% and 2.9% respectively. M1 thus rose 2.3% from one month earlier.

Meanwhile, quasi-monetary liabilities dropped by 0.9%. The sum of these two items, i.e. broad money supply or M2, decreased 0.5% to 687.5 billion patacas.

On an annual basis, M1 and M2 fell 6.5% and 0.7%, respectively.

The shares of the pataca, the Hong Kong dollar, the renminbi and the U.S. dollar in M2 were 35.4%, 50.1%, 6.0% and 6.9%, respectively.

Resident deposits dropped 0.5% from the preceding month to 667.7 billion patacas while non-resident deposits also fell 6.9% to 354.3 billion patacas.

On the other hand, public sector deposits with the banking sector rose 0.5% to 264.5 billion patacas.

As a result, total deposits in the banking sector decreased 2.2 percent from a month earlier to 1,286.5 billion patacas.

At the end of December 2021, the loan-to-deposit ratio for the resident sector rose from 60.3% at the end of November to 60.4%.  MDT/Xinhua

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