Financial Conditions (June 2012)
PRESS RELEASE Release Date: July 25, 2012
Financial Conditions (June 2012)
Monetary Aggregates For the month of June 2012, the monthly growth rates of the monetary aggregates M1B and M2, measured on a daily average basis, were -0.57% and -0.39%, respectively, both lower than those of last month. The annual growth rates of M1B and M2 declined to 3.18% and 4.19%, respectively, mainly due to slowing growth in bank loans and investments. For the first six months of this year, the average annual growth rates of M1B and M2 were 3.39% and 4.75%, 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 monetary financial institutions was -0.62%, lower than that at the end of the previous month. Meanwhile, the annual growth rate declined from 5.22% at the end of the previous month to 4.58%, mainly due to slowing growth in bank claims on 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 monetary 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 4.59%, lower than the 4.91% registered at the end of the previous month.
Notes: 1. The upcoming Financial Conditions (July 2012) is scheduled for release at 16:20 on Aug. 24, 2012.
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 .