TUESDAY, MAY 6, 1980
1
MONEY SUPPLY AND FINANCIAL STATISTICS FOR MARCH
*****
MONEY SUPPLY AND FINANCIAL STATISTICS FOR MARCH PUBLISHED TODAY SHOW A FURTHER MARKED FALL IN THE GROWTH RATE OF THE MONEY SUPPLY, AND OF CREDIT TO THE ECONOMY, BEYOND THE FALL WHICH WAS APPARENT IN FIGURES FOR FEBRUARY 1980.
THE MONEY SUPPLY, ON ALL DEFINITIONS, DECLINED IN THE MONTH, WHILE THE INCREASE IN TOTAL CREDIT TO THE ECONOMY WAS THE SMALLEST MONTHLY INCREASE, IN PERCENTAGE TERMS, SINCE AUGUST 1979.
THE DETAILED FIGURES AND COMPARISONS WITH PREVIOUS MONTHS ARE SET OUT BELOW 1
MONEY AND BANKING FIGURES
·
END OF MARCH 1980 (IN $MILLION,
FIGURES FOR EARLIER MONTHS
(% CHANGE):
MARCH 1980
FEB
DEC
1980
1979
MARCH 1979
M1
20 310
21 647 (-6.2%)
M2
76 109
78 219 (-2.79%)
MG
106 657
107 770 (-1.0%)
20 851 (-2.6%)*
75 270 (+1,1%)*
99 765 (+6.9%)
18 945 (+7.2%)*
66 855 (+13.8%)*
80 871 (+31.9%)
BANKSI
DEPOSITS
LOANS AND ADVANCES IN
HONG KONG
LOAN/DEPOSIT RATIO
AVERAGE LIQUIDITY
RATIO
68 393
70 065 (-2.4%)
67 985 (+0.6%)*
60 082 (+13.8%)*
69 560
69 306 (+0.4%)
62 227 (+11.8%)*
50 439 (+37.9%)*
101.7%
98.9%
91.5%
84.0%
52.6%
53.6%
48.0%
45.9%
/DEPOSIT-TAKING