Macao’s broad money supply rose 3.7 per cent month-on-month in June with a stable share of patacas (MOP), the Macao Monetary Authority (AMCM) said in a statement on Tuesday.
Macao’s currency in circulation and demand deposits rose 0.8 per cent and 1.9 per cent respectively. Narrow money supply M1 thus increased 1.7 per cent month-on-month.
Quasi-monetary liabilities grew 4.0 per cent. Broad money supply M2 rose 3.7 per cent to MOP 712.2 billion.
On an annual basis, M1 and M2 increased 0.5 per cent and 6.1 per cent respectively, according to the statement.
The shares of the pataca, Hong Kong dollar, renminbi (yuan) and US dollar in M2 were 32.5 per cent, 45.4 per cent, 5.3 per cent and 14.9 per cent respectively.
Resident deposits went up by 3.8 per cent month-on-month to MOP 693.9 billion, while non-resident deposits rose 10.1 per cent to MOP 315.1 billion.
Public sector deposits with the banking sector decreased 1.5 per cent to MOP 261.0 billion. Total deposits in the banking sector increased 4.1 per cent to MOP 1,269.9 billion.
Domestic loans to the private sector dropped 0.3 per cent to MOP 540.3 billion. External loans grew 2.9 per cent to MOP 666.6 billion month-on-month.
Total loans to the private sector went up by 1.5 per cent to MOP 1,206.9 billion, according to the statement.
At the end of June, the loan-to-deposit ratio for the resident sector dropped from 58.0 per cent at the end of May to 56.6 per cent. The ratio for both the resident and non-resident sectors fell from 97.5 per cent to 95.0 per cent.
(Xinhua News Agency/Macau News)
