Financial Conditions (September 2010)
PRESS RELEASE Release Date: October 25, 2010
Financial Conditions (September 2010)
Monetary Aggregates For the month of September 2010, the monthly growth rates of the monetary aggregates M1B and M2, measured on a daily average basis, were 1.11% and 0.22%, respectively, both lower than those of last month. The annual growth rate of M1B declined to 12.15% mainly due to a higher base effect. The annual growth rate of M2 rose to 4.66% due to net foreign capital inflow. For the first nine months of this year, the average annual growth rates of M1B and M2 were 17.02% and 4.44%, respectively.
Direct and Indirect Finance At the end of September, the monthly growth rate of total outstanding loans and investments (measured on a cost basis) of major financial institutions was -0.10%, lower than that of the previous month. Meanwhile, the annual growth rate declined from 5.68% at the end of the previous month to 5.29%. The decline was mainly due to a moderate growth of bank claims on the private sector and government. 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 4.88%, lower than the 5.16% at the end of the previous month.
Notes: 1. The upcoming Financial Conditions (October 2010) is scheduled for release at 16:20 on November 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 .