Financial Conditions (June 2010)
PRESS RELEASE Release Date: July 26, 2010
Financial Conditions (June 2010)
Monetary Aggregates For the month of June 2010, the monthly growth rates of the monetary aggregates M1B and M2, measured on a daily average basis, were -0.58% and -0.06%, respectively, both lower than those of last month. The annual growth rate of M1B declined to 13.22%, mainly due to a higher base effect. The annual growth rate of M2 rose to 3.81%, because bank loans and investments continued to grow. For the first six months of this year, the average annual growth rates of M1B and M2 were 19.59% and 4.43%, respectively.
Direct and Indirect Finance At the end of June, the monthly growth rate of total outstanding loans and investments (measured on a cost basis) of major financial institutions was 0.24%, lower than that of the previous month. Meanwhile, the annual growth rate rose from 3.03% at the end of the previous month to 3.75%. 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 4.07%, higher than the 3.92% at the end of the previous month.
Notes: 1. The upcoming Financial Conditions (June 2010) is scheduled for release at 16:20 on August 25, 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 .