Statistics | Money supply continues to decline

Macau’s money supply declined in April, according to statistics released yesterday by the Monetary Authority of Macau. Total deposits fell, causing the overall loan-to-deposit ratio to increase from the previous month.
The currency in circulation grew 0.1 percent while demand deposits dropped 14.1 percent in April, compared with March.
In terms of the money supply, the proportion denominated in MOP reached 30.7 percent, up marginally by 0.4 percentage points month-to-month or 3.8 percentage points year-on-year. The share of HKD was down 0.5 percentage points month-to-month to 51.2 percent, unchanged from a year earlier.
Meanwhile, RMB (6.1 percent) was up 0.2 percentage points month-to-month but down 5.5 percentage points year-on-year. The USD (9.5 percent) performed inversely, down 0.2 percentage points compared with March, but up 1.4 percentage points year-on-year.
Resident deposits decreased 1.4 percent from the preceding month to MOP451 billion, while non-resident deposits remained stable at MOP289.4 billion. As a result, total deposits within the banking sector fell by 0.4 percent from a month earlier to MOP891.2 billion.
On the other hand, domestic loans to the private sector increased 0.4 percent to MOP395.5 billion, the majority of which was denominated in MOP and HKD.
As at end-April, the loan-to-deposit ratio for the resident sector grew by 0.7 percentage points over end-March, reaching 65.7 percent.