Financial Conditions (June 2006)
PRESS RELEASE Release Date: July 25, 2006
Financial Conditions (June 2006)
Monetary Aggregates For the month of June 2006, the annual growth rates of the monetary aggregates M1A, M1B, and M2, measured on a daily average basis, were 6.80%, 5.22%, and 6.45%, respectively. The M1A growth rate was slightly higher than that recorded in the previous month. The lower M1B and M2 growth rates were mainly due to subdued trading in the stock market, an increase in net foreign capital outflow, as well as a lower growth in bank loans and investments. For the first six months of this year, the annual growth rates of M1A, M1B, and M2 were 6.39%, 5.99%, and 6.65%, 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, fell from 7.92% at the end of the previous month to 6.86%. This was mainly due to a decrease in bank loans to government agencies. After excluding the changes in fair value of bank portfolio investments, the growth rate of bank loans and investments also fell from 7.25% in May to 6.28%. 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 and changes in fair value of bank portfolio investments were ignored, the total outstanding amount of funds raised by non-financial sectors showed an annual growth rate of 5.76%, lower than the 6.46% posted in the previous month.
Tables & Graphs [ XLS ]
Notes: 1.The upcoming Financial Conditions (July 2006) is scheduled for release at 16:20 on August 25, 2006.
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.