The Macau Monetary Authority (AMCM) has raised the base interest rate for the discount period from 1.25 to 2 percent by 75 basis points. today..
According to AMCM, Macau Pataca is linked to the Hong Kong dollar, so in order to maintain the effective operation of the linked exchange rate system following the Hong Kong Monetary Authority, the policy rate of the Hong Kong and Macau movement is “basically” Must be “consistent” with the right to adjust the base rate.
Under a linked exchange rate system between the Hong Kong dollar and the US dollar, Hong Kong’s relevant policy rate adjustments will raise the Fed’s interest rate target range by 75 basis points on June 15th. Was based on. (US time).
A discount period, which is a means of lending as a result of temporary liquidity deficiencies, allows qualified institutions to borrow funds from central banks, usually in the short term.
AMCM is Macau’s Defactor Central Bank.
