Monetary Statistics for February 2018

Press Releases

29 Mar 2018

Monetary Statistics for February 2018

According to statistics published today (Thursday) by the Hong Kong Monetary Authority, total deposits with authorized institutions decreased by 0.8% in February 2018. As the increases in savings and time deposits offset the decline in demand deposits, Hong Kong-dollar deposits stayed virtually unchanged during the month. Overall foreign-currency deposits dropped by 1.7% in February. Renminbi deposits in Hong Kong increased by 0.7% to RMB550.4 billion at the end of February. The total remittance of renminbi for cross-border trade settlement amounted to RMB301.6 billion in February, compared with RMB373.4 billion in January.

Total loans and advances grew by 0.3% in February. Among the total, loans for use in Hong Kong (including trade finance) increased by 0.3% from a month ago and loans for use outside Hong Kong picked up by 0.4%. As Hong Kong-dollar loans increased while Hong Kong-dollar deposits stayed virtually unchanged, the Hong Kong-dollar loan-to-deposit ratio went up to 81.4% at the end of February from 81.1% at the end of January.

Seasonally adjusted Hong Kong-dollar M1 edged down by 0.2% in February but expanded by 15.4% year on year. Seasonally unadjusted Hong Kong-dollar M3 increased by 0.2% during the month and rose by 12.2% from a year earlier.

Annex

 
Hong Kong Monetary Authority
29 March 2018

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Last revision date : 29 March 2018