Brief
Composite interest rates decline in Q1

The banking sector saw a drop in funding costs during the first quarter of 2025, according to data by the Monetary Authority of Macau. The composite interest rate for the Macanese pataca fell 10 basis points to 1.74%, while the Hong Kong dollar rate decreased 24 basis points to 3.09% compared with the end of 2024. These composite rates represent the weighted average of all interest-bearing liabilities and non-interest-bearing demand deposits held by banks in Macau. Composite interest rates generally refer to rates that combine multiple components into a single annual figure.
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