MACAO, July 6 (Xinhua) -- Macao's broad money supply rebounded 0.7 percent month on month to 703.0 billion patacas (about 87.9 billion U.S. dollars) in May with a stable share of patacas, the special administrative region's monetary watchdog said Monday.
According to statistics released by the Monetary Authority of Macao, the currency in circulation and demand deposits rose 1.1 percent and 9.2 percent respectively. M1 thus increased 7.1 percent from one month earlier.
Meanwhile, quasi-monetary liabilities edged down by 0.1 percent. The sum of these two items, broad money supply or M2, rebounded 0.7 percent to 703.0 billion patacas.
On an annual basis, M1 dropped 3.5 percent whereas M2 grew 2.4 percent.
The shares of pataca, Hong Kong dollar, renminbi and U.S. dollar in M2 were 35.0 percent, 50.0 percent, 5.5 percent and 7.9 percent, respectively.
Resident deposits increased 0.7 percent from the preceding month to 683.8 billion patacas whereas non-resident deposits fell 2.7 percent to 351.4 billion patacas.
Meanwhile, public sector deposits with the banking sector rose 0.7 percent to 265.9 billion patacas.
As a result, total deposits in the banking sector decreased 0.2 percent from a month earlier to 1,301.1 billion patacas.
Domestic loans to the private sector grew 0.5 percent from a month ago to 544.0 billion patacas, while external loans also rose 2.5 percent to 757.4 billion patacas.
As a result, total loans to the private sector went up by 1.6 percent from a month earlier to 1,301.4 billion patacas.
At the end of May 2021, the loan-to-deposit ratio for the resident sector fell from 57.4 percent at the end of April to 57.3 percent. Meanwhile, the ratio for both the resident and non-resident sectors increased from 98.2 percent to 100.0 percent. (1 pataca equals 0.125 U.S. dollar)
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