Macao's composite interest rates – 3 rd Quarter 2023
Macao's composite interest rates – 3rd Quarter 2023
According to statistics released by the Monetary Authority of Macao, funding costs of the banking sector in Macao generally increased in the third quarter of 2023.
At end-September 2023, the composite interest rates for MOP and HKD rose 15 basis points and 39 basis points, from 1.84% and 3.35% at end-June 2023 to 1.99% and 3.74% respectively. Macao's composite interest rates are the weighted average interest rates of all interest-bearing liabilities and non-interest-bearing demand deposits on Macao banks' books.
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