Financial Conditions (April 2009)
PRESS RELEASE Release Date: May 25, 2009
Financial Conditions (April 2009)
Monetary Aggregates For the month of April 2009, the monthly growth rates of the monetary aggregates M1B and M2 were 3.77% and 0.83%, respectively. The annual growth rates of M1B and M2, measured on a daily average basis, were 9.50% and 6.78%, respectively. Compared to the previous month, those figures were all higher, mainly due to active trading in the stock market and continuous net capital inflows. For the first four months of this year, the average annual growth rates of M1B and M2 were 4.85% and 6.60%, respectively.
Direct and Indirect Finance At the end of April, the monthly growth rate of total outstanding loans and investments (measured on a cost basis) of major financial institutions was 0.05%, slightly lower than that of the previous month. Meanwhile, the annual growth rate declined from 2.40% at the end of the previous month to 1.83%. The decline was mainly due to a decrease in bank claims on private sectors. 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 0.84%, lower than the 1.30% at the end of the previous month.
Notes: 1. The upcoming Financial Conditions (May 2009) is scheduled for release at 16:20 on June 25, 2009.
2. For the release schedule for the next six months, please check the CBC website at
http://www.cbc.gov.tw/ct.asp?xItem=30164&ctNode=515&mp=2 .