The Macau Monetary Authority raised its base rate by 50 basis points to 4.75 percent on December,15th 2022, the seventh rate hike this year, reaching the highest level since December 2007. The move tracked a hike by the same margin in the US Federal Reserve funds rate and followed a similar move by the Hong Kong Monetary Authority as the territory is under the linked exchange rate system with Asia's financial hub. The rate hike came amid Macau, a Chinese special administrative region, entering the second phase of relaxed Covid-19 restrictions. The local media reported that the government will pursue a step-by-step approach towards easing Covid-19 curbs with the aim of preventing a Covid-19 outbreak from occurring exponentially. source: Monentary Authority of Macao

Interest Rate in Macau averaged 2.46 percent from 2000 until 2022, reaching an all time high of 8.00 percent in May of 2000 and a record low of 0.50 percent in December of 2008. This page provides the latest reported value for - Macao Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Macau Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2023.

Interest Rate in Macau is expected to be 4.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Macau Interest Rate is projected to trend around 5.50 percent in 2023 and 4.75 percent in 2024, according to our econometric models.

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Macau Interest Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-09-22 03:00 AM 3.5% 2.75% 3.5%
2022-11-03 02:40 AM 4.25% 3.5% 4.25%
2022-12-15 02:10 AM 4.75% 4.25% 4.75%
2023-02-02 02:30 AM 4.75% 5.25%
2023-03-23 02:30 AM
2023-05-04 02:30 AM


Related Last Previous Unit Reference
Interest Rate 4.75 4.25 percent Dec 2022

Macau Interest Rate
In Macau, interest rate decisions are taken by the Macau Monetary Authority. The official interest rate is the Base Rate.
Actual Previous Highest Lowest Dates Unit Frequency
4.75 4.25 8.00 0.50 2000 - 2022 percent Daily

News Stream
Macau Hikes Base Rate by 50 Bps after Fed Move
The Macau Monetary Authority raised its base rate by 50 basis points to 4.75 percent on December,15th 2022, the seventh rate hike this year, reaching the highest level since December 2007. The move tracked a hike by the same margin in the US Federal Reserve funds rate and followed a similar move by the Hong Kong Monetary Authority as the territory is under the linked exchange rate system with Asia's financial hub. The rate hike came amid Macau, a Chinese special administrative region, entering the second phase of relaxed Covid-19 restrictions. The local media reported that the government will pursue a step-by-step approach towards easing Covid-19 curbs with the aim of preventing a Covid-19 outbreak from occurring exponentially.
2022-12-15
Macau Raises Base Rate After Fed Move
The Macau Monetary Authority lifted its base rate by 75 basis points to 4.25 percent on November, 3rd 2022, the sixth rate hike this year, taking borrowing costs to a level not seen since February 2008. The move tracked a hike by the same margin in the US Federal Reserve funds rate and followed a similar move by the Hong Kong Monetary Authority as the territory is under the linked exchange rate system with Asia's financial hub. The rate hike came as Macau, a Chinese special administrative region, was facing a spike in COVID infections after a three-month of virtually no cases. The development has prompted authorities to launch curbs, lock down a major casino, and test all of the region's 700,000 residents.
2022-11-03
Macau Hikes Base Rate by 75Bps to 3.5%
The Macau Monetary Authority raised its base rate by 75 basis points to 3.5 percent on September 22nd, 2022, following its Hong Kong counterpart's move and tracking a hike in the US Federal Reserve funds rate. This was the fifth rate hike this year, bringing borrowing costs to the highest level since September 2008. "As the pataca is linked to the Hong Kong dollar, the movements of policy rates in Hong Kong and Macau should be basically consistent in order to maintain the effective operation of the linked exchange rate system," the Monetary Authority of Macau said in a statement. The Macau Economic Association recently has warned that the economy in the next three months would remain at a "poor” level, amid local enterprise operation difficulties, high unemployment rate, decreased residents’ income, and rising non-performing loan ratio of residents and non-residents.
2022-09-22