Macao’s composite interest rates – 2nd Quarter 2022
According to statistics released today by the Monetary Authority of Macao, funding costs of the local banking sector generally increased in the second quarter of 2022.
At end-June 2022, the composite interest rates for MOP and HKD rose 6 basis points and 18 basis points, from 0.50% and 0.87% at end-March 2022 to 0.56% and 1.05% 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.