Hong Kong Jan M1 money supply down 0.7 pct mth-on-mth, up 13.1 pct yr-on-yr |
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Published
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Wed, 28 Feb 2007 11:58
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HONG KONG (XFN-ASIA) - Hong Kong's M1 money supply in January fell 0.7 pct from December, but was up 13.1 pct from a year earlier, the Hong Kong Monetary Authority (HKMA) said.Unadjusted M2 and M3 in Hong Kong dollar terms both grew 2.3 pct month-on-month, and were up 18.2 pct year-on-year, the HKMA said.Total deposits with authorized institutions rose 1.6 pct in January from the preceding month, with Hong Kong dollar deposits up 2.4 pct and foreign currency deposits rising by 0.7 pct.Yuan deposits rose to 24.2 bln yuan at end January from 22.7 bln at the end of December.Total loans and advances expanded by 3.4 pct during the period. Of the total, loans for use in Hong Kong increased 3.3 pct while those for use outside Hong Kong rose 4.1 pct, it said.The Hong Kong dollar loans-to-deposit ratio rose to 75.7 in January from 74.7 pct in December, as Hong Kong dollar loans increased at a faster pace than Hong Kong dollar deposits, the HKMA added.roby.lau@xfn.comrl/rc
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Hong Kong Dec M1 money supply down 0.7 pct mth-on-mth, up 11.6 pct yr-on-yr 