MAS requires a digital full bank (DFB) to progressively build up its business model and risk management capabilities as it grows.

Total Bank Deposits increased by 2.8%, rising from AED 2,242.3 billion at the end of February 2023 to AED 2,306.0 billion at the end of March 2023.

Digital money is a logical step in a process of continuous technological advancement in payment systems. In response, central banks are reviewing their conduct of monetary operations in light of the new shape of financial markets and systems. The impact of digital money will depend on the type of money substitution by digital money. The paper straddles several cases where substitution of CiC (currency in circulation), and bank deposits may take place via digital money such as CBDC or other e-money, and how it would impact the central bank balance sheet. Remuneration of CBDC, if aligned to a new objective, could potentially amplify the effect on the interest rate channel of monetary policy.

According to statistics released today by the Monetary Authority of Macao, broad money supply retreated in September. Meanwhile, resident deposits fell from a month ago whereas loans to residents posted an increase.

Cash Ratio Deposits (CRDs) are non-interest bearing deposits lodged with the Bank of England by eligible institutions (i.e. banks and building societies), who have reported average eligible liabilities (ELs) in excess of £600 million over a six-month calculation period. The level of each institution's CRD is calculated twice yearly (in May and November).

According to statistics released today by the Monetary Authority of Macao, broad money supply continued to grow in August. Meanwhile, both resident deposits and loans increased from a month earlier.

The inversion of medium and long-term deposit rates has revealed banks' wish to reduce the cost of liabilities.