Financial Conditions(October 2007)
PRESS RELEASE Released Date: November 26, 2007
Financial Conditions(October 2007)
Monetary Aggregates For the month of October 2007, the annual growth rates of the monetary aggregates M1A, M1B, and M2, measured on a daily average basis, were 5.19%, 5.66%, and 3.22%, respectively. All of these growth rates were lower than those recorded in the previous month. This was mainly due to a moderate growth in bank claims on government agencies and public enterprises. For the first ten months of this year, the average annual growth rates of M1A, M1B, and M2 were 7.11%, 7.21%, and 4.70%, respectively.
Direct and Indirect Finance At the end of October, the annual growth rate of total outstanding loans and investments (measured on a cost basis) of major financial institutions rose from 3.30% at the end of the previous month to 3.56%. This was mainly due to the lower base of last year. 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 3.93%, lower than the 4.01% at the end of the previous month.
Tables & Graphs [ XLS ]
Notes: 1.The upcoming Financial Conditions (November 2007) is scheduled for release at 16:20 on December 25, 2007.
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.