Macau’s broad money supply decreased 0.7% month-on-month to MOP690.2 billion in July with a stable share of patacas, the Special Administrative Region’s monetary watchdog announced on Friday.
According to statistics released by the Monetary Authority of Macao, the currency in circulation rose 0.6%, whereas demand deposits dropped 0.3%.
M1 thus edged down by 0.1% from one month earlier. Meanwhile, quasi-monetary liabilities fell 0.8%. The sum of these two items — i.e. broad money supply or M2 — decreased 0.7% to MOP690.2 billion.
On an annual basis, M1 and M2 dropped 0.7% and 2.6%, respectively. The shares of the pataca, the Hong Kong dollar, the renminbi and the U.S. dollar in M2 were 35.1%, 49.9%, 5.8% and 7.5%, respectively. Resident deposits fell 0.7% from the preceding month to MOP670.8 billion whereas non-resident deposits rose 1.6% to MOP365.8 billion.
Meanwhile, public sector deposits with the banking sector dropped 0.6% to MOP265.1 billion. As a result, total deposits in the banking sector shifted slightly down by 0.1% from a month earlier to MOP1,301.7 billion.
Domestic loans to the private sector grew 0.7% from a month ago to MOP557.7 billion, while external loans dropped 6.3% to MOP745.8 billion. As a result, total loans to the private sector were down by 3.5% from a month earlier to MOP1,303.5 billion. MDT/xinhua
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