Money supply grows in February

Broad money supply grew in February , with resident deposits rising 2.0% to MOP778.7 billion, while loans to residents fell 0.2% to MOP513.0 billion. According to data from to the Monetary Authority of Macao, M2 increased 1.8% monthly to MOP800.1 billion. Total deposits rose 2.3% to MOP1,319.9 billion, while private sector loans climbed 1.9% to MOP1,032.1 billion. The resident loan-to-deposit ratio dropped to 51.8%. The non-performing loan ratio also declined slightly to 5.6%.