Financial Conditions (November 2013)
PRESS RELEASE Release Date: December 25, 2013
Financial Conditions (November 2013)
Monetary Aggregates For the month of November 2013, the monthly growth rates of the monetary aggregates M1B and M2, measured on a daily average basis, were 0.41% and 0.34%, respectively, both higher than those of last month. The annual growth rates of M1B and M2 increased to 8.85% and 6.05%, respectively, mainly owing to higher growth in bank loans and investments. For the first eleven months of this year, the average annual growth rates of M1B and M2 were 7.16% and 4.69%, respectively.
Direct and Indirect Finance At the end of November, the monthly growth rate of total outstanding loans and investments (measured on a cost basis) of monetary financial institutions was 0.58%, higher than that at the end of the previous month. Meanwhile, the annual growth rate increased from 5.51% at the end of the previous month to 5.66%, mainly owing to faster growth in bank claims on government enterprises and 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 5.25%, higher than the 4.99% registered at the end of the previous month.
Notes: 1. The next Financial Conditions (December 2013) is scheduled for release at 16:20 on January 24, 2014.
2. For the release schedule for the coming months, please check the CBC website at
http://www.cbc.gov.tw/ct.asp?xItem=30164&ctNode=515&mp=2 .