m
E
WEDNESDAY, FEBRUARY 1, 1964
→
by 5.47, the first quarterly decline since the
abolition of interest withholding tax on foreign
currency deposits in February 1982. For the year as A
whole, however, foreign currency deposits increased by
40.7%.
Hong Kong Dollar Money Supply
Hong Kong dollar money supply on all
definitions rose significantly in December.
HK$M1
rose by 2.2%, reversing the decline of 0.5% in
November. HK$M2 and HK$M3 grew by 3.6% and 4.0%
respectively. The corresponding rates of increase in
November were 4.6% and 5.5%.
In the three months to December, HK$M1 rose
by 2.5%, HK$M2 by 9.4% and HK$M3 by 13.17. Over the
year, the corresponding growth rates were 8.4%, 14.8%
and 12.6%.
Total Money Supply
Total M1 rose by 1.9% after remaining
unchanged in November. Total M2 rose by 3.1% and
total M3 by 3.3% in December, faster than the
respective growth rates of 1.2% and 2.3% in November.
In the three months to December, total Ml rose by
3.0%, total M2 by 1.7% and total M3 by 3.9%. Over the
year, the corresponding growth rates were 12.4%, 24.7%
and 23.7%.
/Loans