The Macau Monetary Authority (AMCM) said in a statement that it raised its base rate of the discount window yesterday by 25 basis points to 1.5 percent.
It is the fourth time for Macau’s quasi-central bank has raised the policy rate since December 2015.
As the pataca is linked to the Hong Kong dollar, the movements of policy rates in Hong Kong and Macau should be basically consistent in order to maintain the effective operation of the linked exchange rate system between the two cities, the statement said.
