XN000022-1995-03-31 — Page 15

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Money Supply

Owing to the post Lunar New Year effect, currency held by the public dropped by 14.7% in February. Although part of the decrease was offset by the growth in demand deposits, HK$M1 registered a marked decrease of 4.4% during the month.

The growth of both HK$M2 and HK$M3 moderated to 0.8% this month from 0.9% and 1.1% in January respectively.

Note to Editors:

For further press enquiries, please contact the Press and Publications Section, Hong Kong Monetary Authority, at telephone 2878 8261.