The Monentary Authority of Macao lowered its base rate by 64bps to 0.86 percent on March 16th, after its Hong Kong counterpart made the same move following the US Federal Reserve's decision to slash rates to support the economy amid the coronavirus outbreak. Macao's pataca is linked to the Hong Kong dollar and the movements of policy rates in the two special administrative regions should be basically consistent, according to the bank statement. The Hong Kong dollar is linked to the US dollar under a similar linked exchange rate system.
Interest Rate in Macau averaged 2.63 percent from 2000 until 2020, reaching an all time high of 8 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 May of 2020.
Interest Rate in Macau is expected to be 0.86 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Macau to stand at 0.50 in 12 months time. In the long-term, the Macau Interest Rate is projected to trend around 0.75 percent in 2021 and 1.25 percent in 2022, according to our econometric models.