According to statistics released today by the Monetary Authority of Macao, on a monthly basis, broad money supply stayed flat in February. As external loans increased at a faster pace, the overall loan-to-deposit ratio witnessed a rebound. Money supply Currency in circulation and demand deposits dropped 6.2% and 8.9% respectively. M1 thus decreased 8.4% from one month earlier. Meanwhile, quasi-monetary liabilities rose 1.3%, offsetting the decline in narrow money supply. M2 therefore remained virtually unchanged from the preceding month at MOP310.6 billion. On an annual basis, M1 and M2 rose 5.0% and 23.0% respectively. The share of Pataca (MOP) in M2 stood at 26.2%, down 0.6 percentage points over a month ago or 2.5 percentage points from a year earlier. The share of Hong Kong Dollar (HKD) in M2 was 53.9%, down 0.4 percentage points month-to-month but up 1.7 percentage points year-on-year. Deposits Resident deposits edged up 0.2% from the previous month to MOP303.7 billion. Of which, MOP deposits and HKD deposits decreased at respective rates of 1.7% and 0.8%, while other foreign currency deposits grew 5.3%. Concurrently, non-resident deposits rose 5.5% to MOP114.2 billion and public sector deposits with the banking sector increased 5.3% to MOP29.9 billion. As a result, total deposits with the banking sector rose 1.8% from a month earlier to MOP447.8 billion. The shares of MOP and HKD in total deposits were 21.5% and 44.4% respectively. Loans Domestic loans to the private sector grew slightly by 0.3% on a monthly basis to MOP166.9 billion. Among which, MOP44.2 billion was MOP-denominated and MOP109.6 billion was denominated in HKD, representing 26.5% and 65.7% of the total respectively. On the other hand, external loans rose 7.2% to MOP168.2 billion; of which, loans denominated in MOP and HKD accounted for 0.7% (MOP1.1 billion) and 31.1% (MOP52.4 billion) respectively. Loan-to-deposit ratios As resident deposits increased at a faster pace than domestic loans to the private sector, the loan-to-deposit ratio for the resident sector dropped slightly by 0.2 percentage points month-to-month to 50.0% at end-February 2012. The ratio for both the resident and non-resident sectors was 74.8%, up 1.3 percentage points from the previous month. For enquiry, please contact:
Research and Statistics Department, Monetary Authority of Macao (Tel: 83952532; Fax: 28353042)
