Macau’s M2 monetary supply in March grew 9.6% year-on-year while M1 grew 5.4% year-on-year, the region’s monetary watchdog said here yesterday.
According to statistics released by the Monetary Authority (AMM), currency in circulation fell 1.2% month-to-month whereas demand deposits rose 1.0%. M1 thus increased 0.5% from one month earlier. Meanwhile, quasi-monetary liabilities grew 1.3%.
The sum of these two items, i.e. M2, rose 1.2% to MOP662.1 billion (USD81.93 billion). The shares of pataca, Hong Kong dollar, renminbi and U.S. dollar in M2 were 30.9%, 51.7%, 4.5% and 11.0%, respectively.
Resident deposits grew 1.3% from the preceding month to MOP645.3 billion whereas non-resident deposits fell 1.6% to MOP257.8 billion. Domestic loans to the private sector grew 1.2% from a month ago to MOP511 billion while external loans rose by 7.7% to MOP574.5 billion.
At the end of March, the loan-to- deposit ratio for the resident sector rose from 57.6% at the end of February to 57.7%. Concurrently, the non-performing loan ratio stabilized at 0.2%. Xinhua
No Comments