Macau | Local driver Andre Couto confident in return to competition after six-months recovery
| 07:30pm
Macau | Daniel Ticktum wins a dramatic FIA F3 World Cup - Grand Prix
| 05:14pm
China military sets up website to report leaks, fake news
| 03:45pm
Big Tobacco Fumes Over New EU Salvo in Cigarette Smuggling War
| 03:16pm
Subways May Be the Latest Casualty of China's Crackdown on Debt
| 03:09pm
Macau | Edoardo Mortara wins FIA GT Cup - Grand Prix
| 01:46pm
China wants Bangladesh, Myanmar to solve Rohingya crisis bilaterally
| 01:40pm
Lebanese FM may not attend Arab League meeting, to decide Sunday: senior Lebanese official
| 01:15pm
Haitian army set to make controversial return after two decades
| 12:26pm
Argentina says satellite calls detected, likely from missing submarine
| 12:22pm

Rebound in money supply

Total deposits with the banking sector increased 1.5 per cent month-on-month

The Monetary Authority of Macao (AMCM) revealed a rebound in the money supply in May, while concurrently both resident deposits and loans grew month-on-month.
The latest data shows that the currency in circulation decreased by 0.9 per cent month-on-month whilst demand deposits increased 0.7 per cent.
As such, M1 grew 0.4 per cent and quasi-monetary liabilities increased 2.1 per cent from a month earlier.
M2, the sum of M1 and quasi-monetary liabilities, was MOP553.8 billion (US$68.87 billion) in May, up 1.9 per cent month-on-month.
When compared to the same period a year ago, M1 and M2 both increased by 14.2 per cent and 16.6 per cent, respectively.
The shares of Pataca (MOP), Hong Kong dollar (HKD), Chinese Yuan (RMB) and United States Dollar (USD) in M2 were 31.3 per cent, 52.9 per cent, 3.9 per cent and 9.8 per cent, respectively.
In terms of the city’s deposits, the city saw an increase of 2 per cent month-on-month in resident deposits, amounting to MOP539.8 billion.
Non-resident deposits grew 0.9 per cent vis-a-vis April, to MOP263.1 billion.
For public sector deposits with the banking sector, the amount increased 0.9 per cent to MOP185.6 billion.
As a result, the total deposits with the banking sector registered a growth of 1.5 per cent compared to April’s deposits, which recorded MOP988.5 billion.
Regarding the loan sector, 0.6 per cent month-on-month growth was posted by the city’s domestic loans, with a total of MOP424.8 billion loaned in May.
Meanwhile, external loans rose 3.9 per cent to MOP417.4 billion.
As at the end of May, the loan-to-deposit ratio for the residential sector was 58.6 per cent, as compared to 59.2 per cent in April.