Broad money supply declines | Macau Business

Macau’s broad money supply fell 0.6% month-on-month to 688.3 billion patacas (about $85.1 billion) in February 2022, the body said. monetary supervision of the special administrative region.

According to statistics released by the Macau Monetary Authority, currency in circulation and demand deposits decreased by 4.0% and 0.7% respectively. M1 thus fell by 1.7 percent compared to the previous month.

At the same time, quasi-monetary liabilities decreased by 0.4%. The sum of these two elements, ie the broad money supply or M2, fell by 0.6% to 688.3 billion patacas.

On an annual basis, M1 and M2 fell by 2.0% and 1.1% respectively.

The shares of the pataca, Hong Kong dollar, renminbi and US dollar in M2 were 36.0%, 49.4%, 5.7% and 7.2% respectively.

Deposits from residents fell 0.5 percent from the previous month to 667.6 billion patacas, while deposits from non-residents rose 0.1 percent to 383.7 billion patacas.

At the same time, public sector deposits with the banking sector increased by 0.9% to 264.7 billion patacas.

As a result, total banking sector deposits remained almost stable at 1,315.9 billion patacas.

Domestic loans to the private sector rose 0.1 percent from a month ago to 561.9 billion patacas, while external loans fell 2.7 percent to 743.8 billion patacas.

As a result, total loans to the private sector decreased by 1.5% from the previous month to 1,305.8 billion patacas.

At the end of February, the loans/deposits ratio for the resident sector fell from 60.2% at the end of January to 60.3%.

On the other hand, the ratio for the resident and non-resident sectors rose from 100.7% to 99.2%. (1 pataca equals 0.1237 US dollars)

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