According to statistics released today by the Monetary Authority of Macao, on a monthly basis, money supply rebounded in January. As total deposits grew much faster than total loans, the overall loan-to-deposit ratio dropped from a month earlier. Money supply Currency in circulation and demand deposits grew 15.8% and 13.1% respectively. M1 thus increased 13.6% from one month earlier. Concurrently, quasi-monetary liabilities rose 2.9%, pushing M2 to grow 4.2% to MOP310.2 billion. On an annual basis, M1 and M2 rose 8.6% and 19.8% respectively. The share of Pataca (MOP) in M2 stood at 26.8%, up 0.8 percentage points over a month ago but down 1.3 percentage points from a year earlier. The share of Hong Kong Dollar (HKD) in M2 was 54.4%, down 0.2 percentage points month-to-month but up 2.5 percentage points year-on-year. Deposits Resident deposits surged 4.0% from the previous month to MOP303.2 billion. Of which, MOP deposits, HKD deposits and other foreign currency deposits increased at respective rates of 6.8%, 4.0% and 0.5%. In the meantime, non-resident deposits rose 16.6% to MOP108.2 billion while public sector deposits with the banking sector declined 4.1% to MOP28.4 billion. As a result, total deposits with the banking sector increased 6.2% from a month earlier to MOP439.8 billion. The shares of MOP and HKD in total deposits were 22.0% and 45.7% respectively. Loans Domestic loans to the private sector dropped slightly by 0.7% on a monthly basis to MOP166.4 billion. Among which, MOP42.4 billion was MOP-denominated and MOP110.3 billion was denominated in HKD, representing 25.5% and 66.3% of the total respectively. On the other hand, external loans rose 1.6% to MOP156.8 billion; of which, loans denominated in MOP and HKD accounted for 0.7% (MOP1.1 billion) and 32.4% (MOP50.8 billion) respectively. Loan-to-deposit ratios Due to the decline in domestic loans to the private sector and increase in resident deposits, the loan-to-deposit ratio for the resident sector dropped 2.0 percentage points month-to-month to 50.2% at end-January 2012. The ratio for both the resident and non-resident sectors also contracted 4.3 percentage points to 73.5%. For enquiry, please contact:
Research and Statistics Department, Monetary Authority of Macao (Tel: 83952532; Fax: 28353042)
