The Monetary Authority of Macau (AMCM) raised its base rate of the discount window today yesterday by 25 basis points to 1.75 percent.
According to an AMCM statement, it’s the fifth time for the regulator to have raised its policy rate since December 2015.
As the pataca is linked to the Hong Kong dollar, the statement pointed out, 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 special administrative regions (SARs).
