Financial Conditions (January 2013)
PRESS RELEASE Release Date: February 27, 2013
Financial Conditions (January 2013)
Monetary Aggregates For the month of January 2013, the monthly growth rates of the monetary aggregates M1B and M2, measured on a daily average basis, were 1.42% and 0.76%, respectively, both lower than those of last month. The annual growth rates of M1B and M2 declined to 3.97% and 2.99%, respectively. This was mainly due to slower growth in bank loans and investments, and a higher base effect because of the Chinese New Year holidays falling on January last year. After adjusting for seasonal factors, the annual growth rates of M1B and M2 were 5.75% and 3.42%, respectively.
Direct and Indirect Finance At the end of January, the monthly growth rate of total outstanding loans and investments (measured on a cost basis) of monetary financial institutions was 0.84%, lower than that at the end of the previous month. Meanwhile, the annual growth rate declined from 5.69% at the end of the previous month to 5.61%, mainly due to slower growth 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 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 4.64%, higher than the 4.55% registered at the end of the previous month.
Notes: 1. The upcoming Financial Conditions (February 2013) is scheduled for release at 16:20 on March 25, 2013.
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 .