MONEY SUPPLY
TUESDAY, APRIL 3, 1990
(ADJUSTED
ΤΟ
INCLUDE
SWAP
DEPOSITS)
HK$M1, HK$M2 AND HK$M3
RESPECTIVELY IN FELL BY 7.8 PER CENT, 0.8 PER CENT AND 0.7 PER CENT
THE FEBRUARY. THESE DECLINES (PARTICULARLY FOR HKSM1) WERE RELATED TO DECREASE IN CASH HOLDING AFTER THE LUNAR NEW YEAR.
IN JANUARY, THE CORRESPONDING GROWTH RATES OF HK$M1, HK$M2 HK$M3 WERE 8.0 PER CENT, 1.8 PER CENT AND 1.7 PER CENT.
AND
THESE MONETARY AGGREGATES FOR THE 12 MONTHS ENDING FEBRUARY, ROSE BY 2.4 PER CENT, 14.0 PER CENT AND 12.2 PER CENT RESPECTIVELY.
WHILE TOTAL
TOTAL M1 DECLINED BY 6.9 PER CENT DURING FEBRUARY M2 AND M3 EACH GREW BY 1.1 PER CENT. THEIR CORRESPONDING GROWTH IN JANUARY WERE 9.2 PER CENT, 3.3 PER CENT AND 2.8 PER CENT.
OVER THE YEAR, TOTAL M1, M2 AND M3 GREW BY 3.5 PER PER CENT AND 19.6 PER CENT RESPECTIVELY.
RATES
CENT, 20.9
LOANS AND ADVANCES
AN PER
EXTENDED BY AUTHORISED ADVANCES TOTAL OUTSTANDING LOANS AND INSTITUTIONS INCREASED BY 7.0 PER CENT IN FEBRUARY 1990, FOLLOWING
OF 0.8 DECLINE INCREASE OF 6.0 PER CENT IN DECEMBER 1989 AND A CENT IN JANUARY 1990.
KONG
OF THE TOTAL OUTSTANDING LOANS, THOSE DENOMINATED IN HONG
THOSE DENOMINATED DOLLARS GREW BY 1.6 PER CENT DURING FEBRUARY WHILE IN FOREIGN CURRENCIES INCREASED BY 11.1 PER CENT.
ROSE BY 1.7 PER CENT IN DECEMBER THESE LOANS
LOANS TO FINANCE VISIBLE TRADE OF HONG KONG CENT IN FEBRUARY, FOLLOWING AN INCREASE OF 0.5 PER AND A DECLINE OF 0.8 PER CENT IN JANUARY. OVER THE YEAR, GREW BY 12.5 PER CENT.
PER
CENT IN CENT IN BY
1.3 GREW BY KONG OTHER LOANS FOR USE IN HONG FEBRUARY COMPARED WITH INCREASES OF 1.1 PER CENT AND 2.5 PER DECEMBER AND JANUARY RESPECTIVELY. OVER THE YEAR, THESE LOANS GREW 23.9 PER CENT.
CENT IN DECEMBER AND A THESE LOANS GREW
LOANS FOR USE OUTSIDE HONG KONG INCREASED BY 17.3 PER
CENT IN FEBRUARY, FOLLOWING AN INCREASE OF 8.1 PER DECLINE OF 3.9 PER CENT IN JANUARY. OVER THE YEAR, BY 42.0 PER CENT.
/LOANS TO