MACAO, May 5 (Xinhua) -- Macao's broad money supply decreased by 0.3 percent month-on-month to 686.3 billion patacas (about 85.6 billion U.S. dollars) in March 2022, the special administrative region's (SAR) monetary watchdog said on Thursday.
According to statistics released by the Monetary Authority of Macao, the currency in circulation and demand deposits dropped 1.5 percent and 1.7 percent, respectively. M1 thus went down by 1.6 percent from one month earlier.
Meanwhile, quasi-monetary liabilities fell 0.1 percent. The sum of these two items, broad money supply or M2, decreased by 0.3 percent to 686.3 billion patacas.
On an annual basis, M1 and M2 fell 1.6 percent and 1.9 percent, respectively.
The shares of the pataca, the Hong Kong dollar, the renminbi and the U.S. dollar in M2 were 36.1 percent, 49.4 percent, 5.8 percent and 7.0 percent, respectively.
Resident deposits dropped 0.3 percent from the preceding month to 665.9 billion patacas while non-resident deposits also decreased by 0.8 percent to 380.7 billion patacas.
Meanwhile, public sector deposits with the banking sector fell 0.6 percent to 263.1 billion patacas.
As a result, total deposits in the banking sector dropped 0.5 percent from a month earlier to 1,309.6 billion patacas.
Domestic loans to the private sector decreased by 0.7 percent from a month ago to 558.2 billion patacas, whereas external loans rose 6.8 percent to 794.4 billion patacas.
As a result, total loans to the private sector went up by 3.6 percent from a month earlier to 1,352.5 billion patacas.
At the end of March, the loan-to-deposit ratio for the resident sector fell from 60.3 percent at the end of February to 60.1 percent.
On the other hand, the ratio for both the resident and non-resident sectors increased from 99.2 percent to 103.3 percent. (1 pataca equals 0.1247 U.S. dollar) ■
