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 June 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.

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Macau Interest Rate



Related Last Previous Unit Reference
Interest Rate 2.00 1.25 percent Jun 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
2.00 1.25 8.00 0.50 2000 - 2022 percent Daily

News Stream
Macau Hikes Base Rate by 75 Bps after Fed Move
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.
2022-06-16
Macau Hikes Base Rate by 50 Bps to 1.25%
The Macao Monetary Authority raised its base rate by 50 basis points to 1.25 percent on May 5th 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 multiple COVID-19 outbreaks in China and ongoing efforts by Macau authorities to reverse tourism slump following a drop in new infections in the region as vaccinations expand further.
2022-05-05
Macau Hikes Base Rate by 25 Bps after Fed Move
The Macao Monetary Authority raised its base rate by 25 basis points to 0.75 percent on March 17th 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 decision comes as Macau authorities are intensifying prevention against the COVID-19 pandemic, amid border closing to non-residents and strict quarantines on entry to residents from risk areas.
2022-03-17