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Taiwan's central bank reports of monetary aggregates in June
Taiwan News
2014-07-28 02:31 PM
For the month of June 2014, the monthly growth rates of the monetary aggregates M1B and M2, measured on a daily average basis, were -0.41% and -0.07%, respectively, lower than those of last month, according to the Central Bank of the Republic of China (Taiwan).

The annual growth rates of M1B and M2 decreased to 7.46% and 5.74%, respectively, mainly owing to slower growth in bank loans and investments. For the first six months of this year, the average annual growth rates of M1B and M2 were 8.68% and 5.89%, respectively.

At the end of June, the monthly growth rate of total outstanding loans and investments (measured on a cost basis) of monetary financial institutions was -0.20%, lower than that at the end of the previous month. Meanwhile, the annual growth rate decreased from 5.20% at the end of the previous month to 4.94%, mainly owing to slower growth in bank claims on the government and government enterprises. If (1) loans and investments extended by life insurance companies, (2) non-accrual loans reclassified and bad loans written off by monetary financial institutions, and (3) funds raised directly from capital markets were all taken into account, the total outstanding amount of funds raised by the non-financial sector would show an annual growth rate of 4.88%, lower than the 5.16% registered at the end of the previous month.

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