Economic and Financial Review June 2021 - SAINT CHRISTOPHER AND NEVIS

Table K2 St Kitts and Nevis - Monetary Survey (EC$M at end of period) Table K2 St Kitts and Nevis - M netary Survey (EC$M at end of period)

June Moving Averages

2017

2018

2019

2020 2021 E

2015 - 2019 2016 - 2020

June

June

June

June

June

Net Foreign Assets

2,494.66 2,511.00 2,584.10 2,549.46 2,580.02 4,532.59 4,829.32 4,973.81 4,305.40 3,589.59 3,618.62 3,864.97 4,076.44 3,255.49 2,617.02 2,037.93 2,318.31 2,389.70 1,755.94 1,009.58 913.98 964.34 897.36 1,049.91 972.58

2,511.05 4,582.77 897.89 3,684.88 2,071.72

2,537.54 4,590.21 950.54 3,639.67 2,052.66

Claims On Non-Residents

Central Bank

Other Depository Corporations (Commercial Banks)

Liabilities To Non-Residents

Central Bank

10.62

8.90

39.70

39.37

28.03 981.55

17.24

21.87

Other Depository Corporations (Commercial Banks)

2,027.32 2,309.41 2,350.00 1,716.57

2,054.48

2,030.80

Net Domestic Assets

500.56

396.65

371.58

281.34

287.77

518.07

427.87

Domestic Claims

181.37

189.67

188.26

500.73

653.75

213.24

256.86

Net Claims On General Government Claims On General Government From Other Depository Corporations Liabilities To General Government From Central Bank

(1,310.95) (1,382.79) (1,421.01) (1,132.11) (1,080.99)

(1,312.65)

(1,302.17)

354.71

350.09

355.53 30.44 325.08

370.38 29.90 340.48

405.30 27.49 377.81

347.20

354.75 12.07 342.68

-

-

6.86

354.71

350.09

340.34 1,659.85 1,525.89

1,665.66 1,732.88 1,776.54 1,502.49 1,486.29 1,492.33 1,572.46 1,609.27 1,632.85 1,734.74

1,656.91 1,559.03

Claims On Other Sectors

Claims On Other Financial Corporations (Non-Bank Financial Institutions)

73.25 36.21

78.77 73.01

79.07 110.30 524.87 895.04

89.71 115.56 522.06 905.52

87.55 117.74 543.52 985.92

71.29 58.49

75.35 74.27

Claims On Public Non-Financial Corporations

Claims On Private Sector

1,382.87 1,420.68 1,419.91 1,427.58 1,529.45

1,396.11 522.32 873.79

1,409.42 526.38 883.03

Claims On Other Non-Financial Corporations (Business Credit)

516.60

534.67 886.01

Claims On Other Resident Sectors (Households and Non-profit institution 866.27

Other Items (Net)

319.18

206.99

183.32

(219.40) (365.98)

304.83

171.01

2,995.22 2,907.71 2,955.69 2,830.79 2,867.79

3,029.13

2,965.43

Broad Money Liabilities (M2)

594.63 175.68 199.24 23.56 418.95

583.57 191.81 213.86 22.05 391.75

623.10 199.50 222.81 23.31 423.60

604.88 210.81 239.65 28.84 394.07

605.81 225.91 244.83 18.92 379.90

619.48 176.73 200.06 23.33 442.76

612.95 188.46 213.05 24.59 424.49

Narrow Money (M1)

Currency Outside Depository Corporations

Currency Issued By Central Bank (Currency In Circulation) Less Holdings Of National Currency By Odc (Commercial Banks)

Transferable Deposits, In National Currency

Quasi Money

2,400.59 2,324.14 2,332.59 2,225.91 2,261.97 1,548.48 1,607.32 1,609.15 1,622.87 1,699.80

2,409.65 1,588.52 821.13

2,352.48 1,597.57 754.91

Other Deposits, In National Currency

Foreign Currency Deposits

852.12

716.83

723.44

603.05

562.17

Memo Items

Liquidity Ratios

Liquid assets to total assets Liquid assets to short-term liabilities

59.41 62.03 254.76

60.17 62.87 238.70

61.00 66.52 234.62

59.06 75.32 203.95

53.10

58.23 62.18 250.29

58.55 66.68 224.48

n.a.

Customer deposits to total (noninterbank) loans

190.37

Weighted Average Interest Rate Total Deposits Rate

1.75 8.48 6.73

1.66 8.35 6.69

1.68 7.98 6.30

1.93 7.22 5.29

1.97 6.94 4.97

1.81 8.37 6.56

1.80 7.80 6.00

Lending Rate

Spread between reference lending and deposit rates (basis points)

16.42

19.95

25.13

25.02

24.39

18.55

22.18

Nonperforming loans to gross loans

Source: Eastern Caribbean Central Bank Data as at 06 August 2021

Economic and Financial Review - June 2021 | 9