Financial Conditions (August 2010)
PRESS RELEASE Release Date: September 24, 2010
Financial Conditions (August 2010)
Monetary Aggregates For the month of August 2010, the monthly growth rates of the monetary aggregates M1B and M2, measured on a daily average basis, were 1.89% and 0.73%, respectively, both higher than those of last month. The annual growth rate of M1B declined to 12.29% mainly due to a higher base effect. The annual growth rate of M2 rose to 4.60% because bank loans and investments continued to grow. For the first eight months of this year, the average annual growth rates of M1B and M2 were 17.68% and 4.41%, respectively.
Direct and Indirect Finance At the end of August, the monthly growth rate of total outstanding loans and investments (measured on a cost basis) of major financial institutions was 0.95%, higher than that of the previous month. Meanwhile, the annual growth rate rose from 4.63% at the end of the previous month to 5.69%. The rise was mainly due to an increase in bank claims on the private sector. 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 5.17%, higher than the 4.71% at the end of the previous month.
Notes: 1. The upcoming Financial Conditions (September 2010) is scheduled for release at 16:20 on October 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 .