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HSBC to raise Hong Kong best lending rate to 5.75%

HSBC to raise Hong Kong best lending rate to 5.75%

FILE PHOTO: The HSBC bank logo is seen in the Canary Wharf financial district in London, Britain, March 3, 2016. REUTERS/Reinhard Krause/File Photo

04 May 2023 12:21PM

HONG KONG : HSBC will raise its Hong Kong dollar best lending rate from 5.625 per cent to 5.75 per cent with effect from Friday, the bank said in a statement on Thursday, following the territory's central bank hiking its base rate by 25 basis points.

Source: Reuters

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