Macao Monetary Authority: Broad money supply increased in May, with currency in circulation and demand deposits rising by 0.1% and 3.4% respectively.

According to the Economic Intelligence Wealth APP, on July 9th, the Monetary Authority of Macao released the currency and financial statistics for May 2025. The broad money supply in May 2025 rebounded. At the same time, resident deposits increased monthly, while resident loans recorded a decline. Currency in circulation and demand deposits increased by 0.1% and 3.4% respectively, leading to a 2.4% increase in M1 from the previous month. Meanwhile, quasi-monetary liabilities rose by 1.1%, resulting in an increase of 1.2% in the broad money supply M2, reaching 815.7 billion Macao patacas. Compared to the same period in 2024, M1 and M2 increased by 11.4% and 7.9% respectively. In terms of currency breakdown, the shares of Macanese patacas, Hong Kong dollars, Renminbi, and US dollars in M2 were 32.3%, 46.4%, 6.8%, and 12.3% respectively.