Flag of mo

Macao SAR China Interest Rate

Macao SAR China's interest rate was 4.5% in September 2025. This rate decreased from 4.75% in July 2025. The Monetary Authority of Macao followed the Hong Kong Monetary Authority's rate cut. This action was a response to the US Federal Reserve's September 2025 rate reduction. The move supports the linked exchange rate system between the Macao pataca and the Hong Kong dollar. Lower financing costs aim to ease borrower pressure and boost the local economy. Macao SAR China's record low interest rate was 0.5% in September 2015 and record high was 5.75% in July 2023.

Historical Data (2015-2025)

(in %)
Date Interest Rate
Sep 18, 2025 4.5%
Jul 31, 2025 4.75%
Jun 19, 2025 4.75%
Jan 31, 2025 4.75%
Dec 19, 2024 4.75%
Nov 08, 2024 5%
Sep 19, 2024 5.25%
Aug 31, 2023 5.75%
Jul 27, 2023 5.75%
May 04, 2023 5.5%
Mar 23, 2023 5.25%
Feb 02, 2023 5%
Dec 15, 2022 4.75%
Nov 03, 2022 4.25%
Sep 22, 2022 3.5%
Jul 28, 2022 2.75%
Jun 16, 2022 2%
May 05, 2022 1.25%
Mar 17, 2022 0.75%
Oct 31, 2019 2%
Sep 19, 2019 2.25%
Jan 31, 2019 2.75%
Dec 21, 2018 2.75%
Oct 31, 2018 2.5%
Sep 27, 2018 2.5%
Jul 31, 2018 2.25%
Jun 14, 2018 2.25%
Apr 30, 2018 2%
Mar 21, 2018 2%
Jan 31, 2018 1.75%
Dec 14, 2017 1.75%
Jul 31, 2017 1.5%
Jun 15, 2017 1.5%
Apr 30, 2017 1.25%
Mar 16, 2017 1.25%
Jan 31, 2017 1%
Dec 15, 2016 1%
Sep 30, 2015 0.5%

Recent Events

datetime event actual previous consensus
2025-09-17 09:00 PM Interest Rate Decision 4.5% 4.75% -
Macao SAR China Interest Rate : Definition
The Interest Rate set by the Monentary Authority of Macao is the benchmark cost of borrowing in the economy. It influences lending, spending, investment, inflation, and overall financial stability.
Indicator Last Value Prior Value Period
Private Credit (% GDP) 127.78% 146.1% 2024