The Macao Monetary Authority raised its base rate by 75 basis points to 2 percent on June 16th 2022, tracking a hike in the US Federal Reserve funds rate and following the same move by the Hong Kong Monetary Authority as the territory is under the linked exchange rate system with the Asia's financial hub. The move comes amid a resurgence of COVID-19 infections in some parts of Beijing and ongoing efforts by Macau authorities to reverse tourism slump. source: Monentary Authority of Macao
Interest Rate in Macau averaged 2.44 percent from 2000 until 2022, 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 July of 2022.
Interest Rate in Macau is expected to be 2.00 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 3.75 percent in 2023, according to our econometric models.