Macau’s broad cash provide retreats in February

MACAU: Macau’s broad cash provide retreated 0.6% month-on-month to 688.3 billion patacas (about US$85.1bil or RM359.1bil) in February 2022, based on the particular administrative area’s financial watchdog.

Statistics launched by the Financial Authority of Macau confirmed that the foreign money in circulation and demand deposits decreased by 4% and 0.7% respectively.

M1 thus dropped 1.7percentt from one month earlier.

In the meantime, quasi-monetary liabilities fell 0.4%. The sum of those two objects, ie broad cash provide or M2, retreated 0.6% to 688.3 billion patacas (RM358bil) .

On an annual foundation, M1 and M2 fell 2% and 1.1%, respectively.

The shares of the pataca, the Hong Kong greenback, the yuan and the US greenback in M2 had been 36%, 49.4%, 5.7% and seven.2%, respectively.

Resident deposits dropped 0.5% from the previous month to 667.6 billion patacas (RM348bil) , whereas non-resident deposits elevated 0.1% to 383.7 billion patacas (RM199.8bil).

In the meantime, public sector deposits with the banking sector rose 0.9% to 264.7 billion patacas (RM138bil).

Home loans to the personal sector grew 0.1% from a month in the past to 561.9 billion patacas (RM293bil), whereas exterior loans fell 2.7% to 743.8 billion patacas (RM387bil) .

On the finish of February, the loan-to-deposit ratio for the resident sector rose from 60.2% on the finish of January to 60.3%.

However, the ratio for each the resident and non-resident sectors decreased from 100.7% to 99.2%. — Xinhua


Source link

Leave a Comment