The Macau Monetary Authority lifted the base rate by 25 bps to 4.25% on September 17, 2026, mirroring the decision of its Hong Kong counterpart after the US Federal Reserve delivered the expected 25 bps hike on September 16. It was the first interest rate hike since July 2023 in the Chinese special administrative region. The move comes amid easing GDP growth and slowing inflation. The latest data showed that Macau’s economy grew 0.3% year-on-year in Q2 2026, slowing sharply from a 7.1% expansion in Q1, while inflation eased for the second straight month to 1.12% in July 2026. Under the linked exchange rate system, Macau’s base rate is set at par with Hong Kong’s base rate, which is typically 50 basis points above the lower end of the target range for the US federal funds rate. source: Monentary Authority of Macao

The benchmark interest rate in Macau was last recorded at 4.25 percent. Interest Rate in Macau averaged 2.82 percent from 2000 until 2026, 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 September of 2026.

The benchmark interest rate in Macau was last recorded at 4.25 percent. Interest Rate in Macau is expected to be 4.25 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 4.50 percent in 2027 and 4.25 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-10-30 12:45 AM
Interest Rate Decision
4.25% 4.5% 4.25%
2025-12-11 01:00 AM
Interest Rate Decision
4.0% 4.25% 4.0%
2026-09-17 12:45 AM
Interest Rate Decision
4.25% 4.0% 4.25%


Related Last Previous Unit Reference
Deposit Interest Rate 0.32 0.66 percent Dec 2025
Foreign Exchange Reserves 245790.89 243065.36 USD Million Aug 2026
Interbank Rate 2.91 2.84 percent Aug 2026
Interest Rate 4.25 4.25 percent Sep 2026
Money Supply M0 59780.60 60428.70 MOP Million Jul 2026
Money Supply M1 76741.85 74483.50 MOP Million Jul 2026
Money Supply M2 860469.45 847587.61 MOP Million Jul 2026


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
4.25 4.25 8.00 0.50 2000 - 2026 percent Daily

News Stream
Macau Hikes Base Rate to 4.25% after Fed Move
The Macau Monetary Authority lifted the base rate by 25 bps to 4.25% on September 17, 2026, mirroring the decision of its Hong Kong counterpart after the US Federal Reserve delivered the expected 25 bps hike on September 16. It was the first interest rate hike since July 2023 in the Chinese special administrative region. The move comes amid easing GDP growth and slowing inflation. The latest data showed that Macau’s economy grew 0.3% year-on-year in Q2 2026, slowing sharply from a 7.1% expansion in Q1, while inflation eased for the second straight month to 1.12% in July 2026. Under the linked exchange rate system, Macau’s base rate is set at par with Hong Kong’s base rate, which is typically 50 basis points above the lower end of the target range for the US federal funds rate.
2026-09-17
Macau Cuts Base Rate by 25Bps After Fed Decision
The Macau Monetary Authority slashed its base rate by 25 basis points to 4% on December 11, 2025, following the move by the Hong Kong Monetary Authority (HKMA) after the US Federal Reserve cut interest rates. It was the third rate cut this year in the Chinese special administrative region, bringing borrowing costs to their lowest level since October 2022. The decision came amid moderating unemployment, which fell to 1.7% in October, the lowest since January. Meanwhile, GDP grew 8% year-on-year in Q3 2025, the strongest expansion since Q1 2024. However, the annual inflation rate accelerated to 0.6% in October, the fastest pace in 14 months. Under the linked exchange rate system, Macau’s base rate is set at par with Hong Kong’s base rate, which is typically 50 basis points above the lower end of the target range for the US federal funds rate.
2025-12-11
Macau Cuts Base Rate by 25 Bps After Fed Decision
The Macau Monetary Authority lowered its base rate by 25 basis points to 4.25% on October 30, 2025, mirroring the move by the Hong Kong Monetary Authority (HKMA) after the US Federal Reserve cut interest rates. It was the second rate cut this year in the Chinese special administrative region, bringing borrowing costs to their lowest level since November 2022. The decision came amid elevated unemployment despite robust GDP growth. Recent data showed that Macau’s jobless rate held at 2.0% in August, the highest since March 2024. Meanwhile, GDP grew 5.1% year-on-year in Q2 2025, the strongest expansion since Q2 2024, rebounding from a 1.3% contraction in Q1. However, the annual inflation rate accelerated to 0.47% in September, the fastest pace in eight months. Under the linked exchange rate system, Macau’s base rate is set at par with Hong Kong’s base rate, which is typically 50 basis points above the lower end of the target range for the US federal funds rate.
2025-10-30