Monetary Statistics for October 2009

Press Releases

30 Nov 2009

Monetary Statistics for October 2009

According to statistics published today (Monday) by the Hong Kong Monetary Authority, total deposits with authorized institutions rose by 0.9% in October 2009. Hong Kong-dollar deposits grew by 0.4% during the month, as the increase in demand and savings deposits exceeded the decline in time deposits. Foreign-currency deposits also expanded by 1.3% in October. Accounting for around 2.1% of foreign-currency deposits, renminbi deposits in Hong Kong contracted by 1.6% to RMB57.3 billion at the end of October.

Total loans and advances shrank by 1.0% in October. Loans for use in Hong Kong contracted by 1.5% but loans for use outside Hong Kong expanded by 1.1%. As Hong Kong-dollar loans declined while deposits grew, the Hong Kong-dollar loan-to-deposit ratio declined from 70.2% at the end of September to 69.1% at the end of October.

Seasonally adjusted Hong Kong-dollar M1 contracted by 4.1% in October but increased by 49.9% from a year earlier. Unadjusted Hong Kong-dollar M3 climbed by 0.5% during the month and expanded by 14.2% year on year.

Annex

For further enquiries, please contact:
Alice Lo, Communications Chief, at 2878 1480 or
Natalie Wu, Officer (Communications), at 2878 8246

Hong Kong Monetary Authority
30 November 2009

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Last revision date : 30 November 2009