Residents’ deposits increase slightly

Residents’ deposits increased 1.6% from the preceding month to MOP706.0 billion, while non-resident deposits rose 3.4% to MOP299.2 billion, data from the Monetary Authority of Macao shows. Public sector deposits with the banking sector decreased 0.8% to MOP228.1 billion. As a result, total deposits in the banking sector grew 1.6% from a month earlier to MOP1,233.3 billion. Currency in circulation dropped 1.2%.