According to statistics released today by the Monetary Authority of Macao, funding costs of the banking sector in Macao generally increased in the third quarter of 2022.

The Monetary Policy Committee today increased the Official Cash Rate (OCR) from 3.5 percent to 4.25 percent.

The Banque centrale du Luxembourg (BCL) informs that, based on preliminary data, the main interest rates applied by Luxembourg’s credit institutions to euro area households and non-financial corporations (NFCs) for their loan and deposit operations have on average evolved as follows in September 2022.

The rising global interest rates necessary to curb inflation will test New Zealand’s financial resilience, Governor Adrian Orr says in releasing the November 2022 Financial Stability Report.

Legislature told current interest rates help ensure stable price levels

The Banque centrale du Luxembourg (BCL) informs that, based on preliminary data, the main interest rates applied by Luxembourg’s credit institutions to euro area households and non-financial corporations (NFCs) for their loan and deposit operations have on average evolved as follows in August 2022.

The Bank of Thailand (BoT) will raise interest rates gradually.

To achieve our monetary policy goals – maintaining low and stable consumer price inflation while contributing to maximum sustainable employment – we set and influence the level of NZ dollar interest rates in an effort to balance aggregate spending and investment activity (demand) with the supply of goods and services in the economy.

The growth rate of mortgage lending nearly doubled, reaching +1.3% after +0.7% in June, according to preliminary data. About a half of the issued loans were market-based mortgages, which was owing to an overall decrease in interest rates.

In accordance with the Interest Rates Act, the reference rate for the period 1 July – 31 December 2022 is 0.06%. The penalty interest rate for the same period is thus 7.0% pa.