The Macau Monetary Authority lowered the base rate by 25bps to 4.75% on December 19th, after its Hong Kong counterpart made the same move following the US Federal Reserve's decision to slash rates. It marked the third consecutive rate cut this year in the Chinese administrative territory, bringing borrowing costs to the lowest level since January 2023 amid an easing in economic growth. Macau's economy expanded by 4.7% yoy in Q2 of 2024, the seventh consecutive quarter of expansion but the softest growth in the sequence, due to a slowdown in export goods and services. source: Monentary Authority of Macao

The benchmark interest rate in Macau was last recorded at 4.75 percent. Interest Rate in Macau averaged 2.76 percent from 2000 until 2025, 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 2025.

The benchmark interest rate in Macau was last recorded at 4.75 percent. Interest Rate in Macau is expected to be 4.50 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 2026 and 3.50 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-09-19 01:00 AM
Interest Rate Decision
5.25% 5.75%
2024-11-08 01:00 AM
Interest Rate Decision
5% 5.25%
2024-12-19 01:00 AM
Interest Rate Decision
4.75% 5%


Related Last Previous Unit Reference
Deposit Interest Rate 0.66 0.64 percent Dec 2024
Foreign Exchange Reserves 28910.30 29201.21 USD Million Jul 2025
Interbank Rate 1.54 1.65 percent Jul 2025
Interest Rate 4.75 4.75 percent Aug 2025
Money Supply M0 59664.30 59293.10 MOP Million Jun 2025
Money Supply M1 75999.47 73667.86 MOP Million Jun 2025
Money Supply M2 824784.80 815744.90 MOP Million Jun 2025

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 4.75 8.00 0.50 2000 - 2025 percent Daily

News Stream
Macau Cuts Base Rate by 25Bps After Fed Decision
The Macau Monetary Authority lowered the base rate by 25bps to 4.75% on December 19th, after its Hong Kong counterpart made the same move following the US Federal Reserve's decision to slash rates. It marked the third consecutive rate cut this year in the Chinese administrative territory, bringing borrowing costs to the lowest level since January 2023 amid an easing in economic growth. Macau's economy expanded by 4.7% yoy in Q2 of 2024, the seventh consecutive quarter of expansion but the softest growth in the sequence, due to a slowdown in export goods and services.
2024-12-19
Macau Cuts Base Rate by 25Bps After Fed Decision
The Macau Monetary Authority slashed the base rate by 25bps to 5% on November 8th, mirroring the decision of the HKMA, its Hong Kong counterpart, following the US Federal Reserve's expected 25bps cut following a 50bps reduction in September. It was the second consecutive rate cut this year in the Chinese administrative territory, bringing borrowing costs to the lowest level since February 2023 amid a slowdown in economic output. Macau's economy grew by 6.9% yoy in Q2 of 2024, the slowest expansion since a contraction in Q4 of 2022. The latest monetary policy decision came as the region prepared to welcome a new leader, Sam Hou Fai, in December. The incoming chief executive has pledged to diversify the economy, in line with directives from Beijing. He is also considering creating public funds to promote emerging industries outside of gaming and gambling.
2024-11-08
Macau Cuts Base Rate After Moves by the Fed, HKMA
The Macau Monetary Authority lowered the base rate by 50bps to 5.25 percent on September 19th, mirroring the decision of the HKMA, its Hong Kong counterpart, which followed an aggressive start by the US Fed to a monetary policy shift after holding borrowing costs at their highest level in two decades for more than a year. The base rate in the Chinese special administrative territory is set at par with Hong Kong, which is either 50bps above the lower end of the target range for the US Fed funds rate or the average of the five-day moving averages of the overnight and one-month Hong Kong Interbank Offered Rates, whichever is higher.
2024-09-19