Monetary Authority of Macao released statistics on Wednesday that showed broad money supply continued to fall in July. Meanwhile, both resident deposits and loans dropped from a month earlier.
Residents’ deposits dropped by 1.3 per cent from the preceding month to MOP646.4 billion, while non-resident deposits also dropped 3.4 per cent to MOP265.1 billion.
Statistics from the Monetary Authority of Macao showed that public sector deposits with the banking sector decreased 0.2 per cent to MOP247.9 billion.
Thus, total deposits in the banking sector fell 1.6 per cent from a month earlier to MOP1,159.5 billion.
The shares of MOP, HKD, RMB and USD in total deposits were 19 per cent, 48.1 per cent, 4.6 per cent and 25.9 per cent respectively.
Domestic loans to the private sector also dropped 1.5 per cent from a month ago to MOP507.2 billion, while external loans also fell 2.3 per cent to MOP565 billion. Data shows that the total loans to the private sector went down by 1.9 per cent from a month earlier, to MOP1,072.2 billion.
According to Macau Daily Times, at end-July, the loan-to-deposit ratio for the resident sector dropped from 57 per cent at end-June to 56.7 per cent.
The currency in circulation and demand deposits fell 0.6 per cent and 5.5 per cent respectively.