The Macau Monetary Authority lowered the base rate by 25 basis points to 4.50% on September 18th, 2025, following a similar move by its Hong Kong counterpart after the US Federal Reserve decided to cut interest rates. It marked the first rate cut this year in the Chinese administrative territory, bringing borrowing costs to their lowest level since November 2022, amid easing inflationary pressures. Macau's annual inflation rate eased to 0.12% in July, the slowest pace in four months. Meanwhile, the unemployment rate inched up to 2.0% in the three months ending July 2025, the highest since March 2024, rising from 1.9% in the previous period.