Financial Conditions (May 2010)
PRESS RELEASE Release Date: June 24, 2010
Financial Conditions (May 2010)
Monetary Aggregates For the month of May 2010, the monthly growth rates of the monetary aggregates M1B and M2, measured on a daily average basis, were 0.42% and 0.09%, respectively, both lower than those of last month. The annual growth rates of M1B and M2 were 14.67% and 3.54%, respectively, both lower than those of the previous month. This was mainly due to a net capital outflow and a higher base effect. For the first five months of this year, the average annual growth rates of M1B and M2 were 20.95% and 4.55%, respectively.
Direct and Indirect Finance At the end of May, the monthly growth rate of total outstanding loans and investments (measured on a cost basis) of major financial institutions was 0.81%, higher than that of the previous month. Meanwhile, the annual growth rate rose from 2.08% at the end of the previous month to 3.05%. The rise was mainly due to an increase in bank claims on private sectors. If (1) loans and investments extended by life insurance 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 the non-financial sector would show an annual growth rate of 3.93%, higher than the 3.38% at the end of the previous month.
Notes: 1. The upcoming Financial Conditions (June 2010) is scheduled for release at 16:20 on July 26, 2010.
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 .