Financial Conditions (October 2010)
PRESS RELEASE Release Date: November 25, 2010
Financial Conditions (October 2010)
Monetary Aggregates For the month of October 2010, the monthly growth rates of the monetary aggregates M1B and M2, measured on a daily average basis, were 0.23% and 0.65%, respectively. Compared to the previous month, the M1B monthly growth rate was lower, while the M2 monthly growth rate was higher. The annual growth rate of M1B declined to 10.05% mainly due to a higher base effect. The annual growth rate of M2 rose to 4.80% due to continuous net foreign capital inflow and growth of bank loans and investments. For the first ten months of this year, the average annual growth rates of M1B and M2 were 16.26% and 4.48%, respectively.
Direct and Indirect Finance At the end of October, the monthly growth rate of total outstanding loans and investments (measured on a cost basis) of major financial institutions was 0.72%, higher than that of the previous month. Meanwhile, the annual growth rate rose from 5.29% at the end of the previous month to 5.96%. The rise was mainly due to an increase in 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 5.23%, higher than the 4.86% at the end of the previous month.
Notes: 1. The upcoming Financial Conditions (November 2010) is scheduled for release at 16:20 on December 24, 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 .