MACAU, February 24 – According to statistics released today by the Macau Monetary Authority, local banking sector funding costs fell slightly in the fourth quarter of 2021.
At end-December 2021, the MOP composite interest rate remained almost unchanged from the previous quarter at 0.48%, while that of the HKD slightly decreased by 1 basis point, from 0.82% at the end of December 2021. September 2021 at 0.81%.
Macau composite interest rates are the weighted average interest rates of all interest-bearing liabilities and non-interest-bearing demand deposits on the books of local banks. These statistical indicators allow the financial sector to closely monitor movements in domestic financing costs.