Monetary Authority of Macao: In January 2026, Macao's broad money supply continued to rise, with circulating currency and demand deposits increasing by 2.8% and 5.2% respectively.

The statistics released by the Monetary Authority of Macao on March 3rd showed that the broad money supply in Macao continued to rise in January 2026. At the same time, both resident deposits and loans increased month-on-month. Currency in circulation and demand deposits rose by 2.8% and 5.2% respectively, leading to a 4.5% increase in M1. Resident deposits increased by 2.1% to 837 billion Macau patacas, while non-resident deposits decreased by 2.1% to 326.3 billion Macau patacas. Private sector loans increased by 0.2% to 492.3 billion Macau patacas. Meanwhile, loans from the external sector rose by 2.2% to 535.2 billion Macau patacas. Money Supply Currency in circulation and demand deposits rose by 2.8% and 5.2% respectively, resulting in a 4.5% increase in M1. Meanwhile, quasi-monetary liabilities increased by 1.9%, leading to a 2.1% increase in broad money supply M2 to 859.1 billion Macau patacas. In terms of currency composition, the shares of Macau patacas, Hong Kong dollars, Renminbi, and US dollars in M2 were 32.1%, 44.3%, 6.2%, and 15.4% respectively. Deposits Resident deposits increased by 2.1% to 837 billion Macau patacas, while non-resident deposits decreased by 2.1% to 326.3 billion Macau patacas. Meanwhile, deposits from the public sector in the banking system declined by 1.0% to 236.9 billion Macau patacas. Overall, total deposits in the banking system increased by 0.6% to 140.02 billion Macau patacas; with Macau patacas, Hong Kong dollars, Renminbi, and US dollars accounting for 19.5%, 44.5%, 7.9%, and 26.3% respectively. Loans Private sector loans increased by 0.2% to 492.3 billion Macau patacas. At the same time, loans from the external sector rose by 2.2% to 535.2 billion Macau patacas. Overall, total loans in the banking system increased by 1.2% to 1.0275 trillion Macau patacas; with Macau patacas, Hong Kong dollars, Renminbi, and US dollars representing 22.0%, 41.7%, 14.7%, and 17.7% respectively. Loan-to-Deposit Ratios As of the end of January 2026, the overall loan-to-deposit ratio of banks increased from 72.9% at the end of December 2025 to 73.4%, while the local resident loan-to-deposit ratio decreased from 46.4% to 45.8%. The ratios of liquid assets to liabilities for one month and three months were at 62.8% and 56.8% respectively. Additionally, the non-performing loan ratio decreased from 4.9% at the end of December 2025 to 4.8%.