Financial Conditions (June 2005)
PRESS RELEASE Release Date: July 25, 2005
Financial Conditions (June 2005)
Monetary Aggregates For the month of June 2005, the annual growth rates of the monetary aggregates M1A, M1B, and M2, measured on a daily average basis, were 6.26%, 7.15%, and 6.34%, respectively. All of these growth rates were higher than those recorded in the previous month. This was mainly due to the increases in net foreign capital inflows and bank loans and investments. For the first half of this year, M1A, M1B, and M2 exhibited average annual growth rates of 8.49%, 7.74%, and 6.03%, respectively.
Direct and Indirect Finance At the end of June, the annual growth rate of total outstanding loans and investments of major financial institutions, including monetary institutions, the Chunghwa Post Co., as well as money market mutual funds, rose from 7.10% in the previous month to 7.98%. This was mainly due to the increase in bank claims on the private sector. If (1) loans and investments extended by life insurance companies and investment and trust companies, (2) non-accrual loans reclassified and bad loans written-off by major financial institutions, and (3) funds raised directly from capital markets were all taken into account, the total outstanding amount of funds raised by non-financial sectors showed an annual growth rate of 6.71%, higher than the 6.35% posted in the previous month.
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Notes: 1. The upcoming Financial Conditions (July 2005) is scheduled for release at 16:20 on August 25, 2005.
2. For the release schedule for the next six months, please check the CBC website at http://www.cbc.gov.tw/EngHome/ESSDS/calacal.htm.