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FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
Macau,

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  • The hidden cost of artificial intimacy

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Home›Macau›Interest rates rise in Q1

Interest rates rise in Q1

By -
Thursday, May 25, 2023
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According to statistics released by the Monetary Authority of Macao (AMCM), funding costs of the banking sector in Macau generally increased in the first quarter (Q1) of 2023.In end-March 2023, the composite interest rates for MOP and HKD rose respectively by 0.17% and 0.21%, from 1.53% and 2.81% (in end-2022) to 1.69% and 3.03%. Macau’s composite interest rates are the weighted average interest rates of all interest-bearing liabilities and non-interest-bearing demand deposits on Macau banks’ books. The rise of the interest rates in Macau follows the international trend and is related to the global economic situation and forecast.

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