Macao’s composite interest rates – 1st Quarter 2022
According to statistics released today by the Monetary Authority of Macao, funding costs of the local banking sector generally increased in the first quarter of 2022.
At end-March 2022, the composite interest rates for MOP and HKD rose 2 basis points and 6 basis points, from 0.48% and 0.81% at end-December 2021 to 0.50% and 0.87% respectively.
Macao’s composite interest rates are the weighted average interest rates of all interest-bearing liabilities and non-interest-bearing demand deposits on local banks’ books. These statistical indicators facilitate the financial sector to closely track movements in domestic funding costs.