Resident deposits increase to MOP761b

The Monetary Authority of Macao has reported continued growth in broad money supply for October. The currency in circulation and demand deposits rose 0.1% and 2.5%, leading to a 1.8% increase in M1. Resident deposits increased 0.7% to MOP761.3 billion, while total deposits rose 0.6% to MOP1,276.3 billion. However, domestic loans to the private sector fell 0.1% to MOP518.6 billion. The loan-to-deposit ratio for residents decreased to 54.1%, and the non-performing loan ratio increased to 5.4%.