Monetary Statistics for August 2006

Press Releases

29 Sep 2006

Monetary Statistics for August 2006

According to statistics published today (Friday) by the Hong Kong Monetary Authority, total deposits with authorized institutions increased by 2.1% in August 2006. Of the total, Hong Kong dollar deposits and foreign currency deposits rose by 2.7% and 1.4% respectively. Within foreign currency deposits, renminbi deposits increased by 0.1% to RMB22.7 billion yuan in August.

Total loans and advances expanded by 1.4% in August. Of the total, loans for use in Hong Kong and outside Hong Kong rose by 1.4% and 2.1% respectively. Moreover, Hong Kong dollar loans and foreign currency loans grew by 1.5% and 1.1% respectively. As the increase in Hong Kong dollar deposits was larger than the rise in Hong Kong dollar loans, the loan-to-deposit ratio decreased slightly to 79.8% in August.

On a seasonally adjusted basis, Hong Kong dollar M1 grew by 2.6% in August and advanced by 1.6% from a year earlier. Unadjusted Hong Kong dollar M2 and M3 increased by 2.5% and 2.4% respectively during the month. On a year-on-year comparison, both Hong Kong dollar M2 and M3 rose by 14.5%.

Annex

For further enquiries, please contact:
Ying-ying Cheng, Manager (Press), at 2878 1687 or
Thomas Chan, Senior Manager (Press), at 2878 1480

Hong Kong Monetary Authority
29 September 2006

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Last revision date : 29 September 2006