MACAO, Sept. 19 (Xinhua) -- Macao's Base Rate of the Discount Window has been lowered by 25 basis points to 2.25 percent, the Monetary Authority of Macao (AMCM) announced here on Thursday.
The AMCM said as Macao's pataca is linked to the Hong Kong dollar and the movements of policy rates in the two special administrative regions should be basically consistent, it followed the Hong Kong Monetary Authority to lower the Base Rate of the Discount Window.
It was the second time for the AMCM to lower the policy rate this year.
Hong Kong Monetary Authority adjusted the Base Rate after the policy action by the U.S. Federal Reserve to lower the Fed funds rate target range by 25 basis points.
The Hong Kong dollar is linked to the U.S. dollar under a similar linked exchange rate system.
