Financial Conditions (April 2022)

Monetary Aggregates   For the month of April 2022, the monthly growth rates of the monetary aggregates M1B and M2 (measured on a daily average basis) were -0.43% and 0.44%, respectively, both lower than those of the previous month. The annual growth rate of M1B decreased to 9.81% mainly because of slower growth in deposit money, whereas the annual growth rate of M2 increased to 8.12% mainly because of faster annual growth in bank loans and investments. For the first four months of this year, the average annual growth rates of M1B and M2 were 10.82% and 7.94%, respectively.

Loans and Investments of Financial Institutions   At the end of April 2022, the monthly growth rate of total outstanding loans and investments (measured on a cost basis) of monetary financial institutions was 0.50%, lower than that at the end of the previous month. Meanwhile, the annual growth rate increased from 8.51% at the end of the previous month to 8.76% because of faster growth in bank claims on the private sector, the government, and government enterprises. If loans and investments extended by life insurance companies and loans reclassified and written off by monetary financial institutions were all taken into account, the total outstanding loans and investments of financial institutions would show an annual growth rate of 7.29%, higher than the 7.10% registered at the end of the previous month.

Notes: 1. The next Financial Conditions (May 2022) is scheduled for release at 16:20 on June 24, 2022.

           2. For the release schedule for the coming months, please check the Advance Release Calendar.