Macau money supply up in January

Macau’s broad money supply rose 0.7 percent month-on-month to 692.3 billion patacas (about $85.98 billion) in January 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 increased by 8.8% and 1.2% respectively. M1 thus increased by 3.2% compared to the previous month.

At the same time, quasi-monetary liabilities increased by 0.4%. The sum of these two elements, i.e. the broad money supply or M2, increased by 0.7% to 692.3 billion patacas.

On an annual basis, M1 and M2 fell by 4.5% and 0.5% respectively.

The shares of the pataca, Hong Kong dollar, renminbi and US dollar in M2 were 36.1%, 49.4%, 6.0% and 6.9% respectively.

Residents’ deposits rose 0.4 percent from the previous month to 670.6 billion patacas while non-resident deposits also rose 8.1 percent to 383.1 billion patacas.

On the other hand, public sector deposits with the banking sector fell by 0.8% to 262.4 billion patacas.

As a result, total deposits in the banking sector increased by 2.3% from the previous month to reach 1,316.1 billion patacas.

Domestic loans to the private sector fell 0.3 percent from a month ago to 561.6 billion patacas while external loans increased 3.3 percent to 764.2 billion patacas.

As a result, total loans to the private sector increased by 1.7% from the previous month to reach 1,325.7 billion patacas.

At the end of January 2022, the loan-to-deposit ratio for the resident sector fell from 60.4% at the end of December 2021 to 60.2%.

Meanwhile, the ratio for the resident and non-resident sectors decreased from 101.3% to 100.7%. (1 pataca equals 0.1242 US dollars)

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