THURSDAY, SEPTEMBER 4, 1980
MONETARY AND FINANCIAL STATISTICS FOR JULY
******
MONETARY AND FINANCIAL STATISTICS FOR JULY PUBLISHED TODAY SHOW A MARKED SLOWDOWN IN THE GROWTH OF THE MONEY SUPPLY AND OF CREDIT TO THE ECONOMY, AFTER THE SHARP RISES RECORDED IN JUNE.
THE MONEY SUPPLY, ON ALL DEFINITIONS, GREW ONLY SLIGHTLY IN THE MONTH, REFLECTING IN PART A VERY SHARP REDUCTION IN THE INFLOW OF FUNDS INTO HONG KONG FROM THE RELATIVELY HIGH JUNE INFLOW- THE INCREASE IN TOTAL CREDIT TO THE ECONOMY WAS THE SMALLEST MONTHLY INCREASE SINCE AUGUST LAST YEAR.
THE DETAILED FIGURES FOR JULY AND COMPARISONS WITH EARLIER MONTHS ARE SET OUT IN THE FOLLOWING TABLE.
MONEY AND BANKING FIGURES
-
END OF JULY 1980 (IN $MILLION)
FIGURES FOR EARLIER MONTHS
(
CHANGE)
JULY 1980
JUNE
1980
APRIL 1980
JULY
1979
Mi
23 345
22 753 (+2.6%)
M2
90 622
B8 486 (+2.4%)
M3
120 481
119 120 (+1,19%)
BANK S
20 039 (+16.5%)
76 973 (+17.7%)
107 967 (+11.6%)
18 667 (+25.1%)*
67 937 (+33.4%)*
86 772 (+38.8%)
DEPOSITS
82 847
80 781 (+2,6%)
69 509 (+19.2%)
61 347 (+35.0%) *
LOANS AND ADVANCES
IN HONG KONG
73 722
73 561 {+0.2%)
72 024 (+2.4%)
54 890 (+34.3%)*
LOAN/DEPOSIT RATIO
89.0%
91.1%
103.6%
89.5%
AVERAGE LIQUIDITY
RATIO
49.3%
49.4%
49.6%
49.2%
/DEFOO