MACAO, March 5 (Xinhua) -- Macao's M2 monetary supply in January grew 8.1 percent year-on-year while M1 grew 7.2 percent, the special administrative region's monetary watchdog said here on Tuesday.

According to statistics released by the Monetary Authority of Macao, currency in circulation and demand deposits rose 11.1 percent and 1.3 percent respectively. M1 thus increased 3.2 percent from one month earlier. Meanwhile, quasi-monetary liabilities grew 0.8 percent.

The sum of these two items, i.e. M2, rose 1.1 percent to 658.7 billion patacas(81.5 billion U.S.dollars). The shares of pataca (MOP), Hong Kong dollar (HKD), renminbi (RMB) and United States dollar (USD) in M2 were 31.2 percent, 51.2 percent, 4.2 percent and 11.3 percent respectively.

Resident deposits grew 0.9 percent from the preceding month to 640.9 billion patacas (79.3 billion U.S.dollars) whereas non-resident deposits dropped 0.2 percent to 240.1 billion patacas (29.7 billion U.S.dollars). Domestic loans to the private sector remained virtually unchanged from the preceding month at 504.9 billion patacas (62.5 billion U.S.dollars).

At the end of January, the loan-to-deposit ratio for the resident sector dropped from 57.8 percent at the end of December 2018 to 57.7 percent. The non-performing loan ratio stabilized at 0.2 percent.(1 U.S. dollar equals to 8.08 patacas)