Macao’s broad money supply rebounded by 0.5 percent month on month to 717.2 billion patacas (about 89 billion U.S. dollars) in June, the special administrative region’s (SAR) monetary watchdog said. According to statistics released by the Monetary Authority of Macao, currency in circulation and demand deposits dropped 1.3 percent and 3.3 percent respectively.
M1 thus retreated 2.7 percent from one month earlier. Meanwhile, quasi-monetary liabilities rose 0.9 percent. The sum of these two items, broad money supply or M2, rebounded 0.5 percent to 717.2 billion patacas. On an annual basis, M1 fell 2.7 percent, whereas M2 grew 5.5 percent. The shares of the pataca, the Hong Kong dollar, the renminbi and the U.S. dollar in M2 were 34.5 percent, 45.0 percent, 8.5 percent and 9.8 percent, respectively.—APP
