MACAO, April 4 (Xinhua) -- Macao's broad money supply retreated 0.6 percent month-on-month to 688.3 billion patacas (about 85.1 billion U.S. dollars) in February 2022, the special administrative region's monetary watchdog said on Monday.
According to statistics released by the Monetary Authority of Macao, the currency in circulation and demand deposits decreased by 4.0 percent and 0.7 percent respectively. M1 thus dropped 1.7 percent from one month earlier.
Meanwhile, quasi-monetary liabilities fell 0.4 percent. The sum of these two items, i.e. broad money supply or M2, retreated 0.6 percent to 688.3 billion patacas.
On an annual basis, M1 and M2 fell 2.0 percent and 1.1 percent, respectively.
The shares of the pataca, the Hong Kong dollar, the renminbi and the U.S. dollar in M2 were 36.0 percent, 49.4 percent, 5.7 percent and 7.2 percent, respectively.
Resident deposits dropped 0.5 percent from the preceding month to 667.6 billion patacas, whereas non-resident deposits increased 0.1 percent to 383.7 billion patacas.
Meanwhile, public sector deposits with the banking sector rose 0.9 percent to 264.7 billion patacas.
As a result, total deposits in the banking sector remained virtually stable at 1,315.9 billion patacas.
Domestic loans to the private sector grew 0.1 percent from a month ago to 561.9 billion patacas, whereas external loans fell 2.7 percent to 743.8 billion patacas.
As a result, total loans to the private sector went down by 1.5 percent from a month earlier to 1,305.8 billion patacas.
At the end of February, the loan-to-deposit ratio for the resident sector rose from 60.2 percent at the end of January to 60.3 percent.
On the other hand, the ratio for both the resident and non-resident sectors decreased from 100.7 percent to 99.2 percent. (1 pataca equals 0.1237 U.S. dollar) ■
