Financial Conditions (January 2025)

Monetary Aggregates   For the month of January 2025, the monthly growth rates of the monetary aggregates M1B and M2 (measured on a daily average basis) were 1.31% and 0.90%, respectively. The annual growth rates of M1B and M2 increased to 4.38% and 5.53%, respectively, mainly owing to an increase in currency issuance because of the Lunar New Year holiday.

Loans and Investments of Financial Institutions   At the end of January 2025, the monthly growth rate of total outstanding loans and investments (measured on a cost basis) of monetary financial institutions was 0.72%. Meanwhile, the annual growth rate decreased from 8.24% at the end of the previous month to 8.17% mainly because of slower growth in bank claims on the government. If loans and investments extended by life insurance companies and loans reclassified and written off by monetary financial institutions were taken into account, the total outstanding loans and investments of financial institutions would show an annual growth rate of 7.36%, lower than the 7.47% registered at the end of the previous month.

Notes: 1. The next Financial Conditions (February 2025) is scheduled for release at 16:20 on March 20, 2025.

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