Business News

HSBC to raise Hong Kong best lending rate to 5.75%

Reuters
Reuters
FILE PHOTO: The HSBC bank logo is seen at their offices in the Canary Wharf financial district in London

HONG KONG (Reuters) – HSBC will raise its Hong Kong dollar best lending rate from 5.625% to 5.75% 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.

(Reporting by Selena Li; Editing by Muralikumar Anantharaman)

Related News:   Police Catch Man Wanted for Burglary in Crawl Space Under Monmouth Diner

tagreuters.com2023binary_LYNXMPEJ43027-BASEIMAGE

You appear to be using an ad blocker

Shore News Network is a free website that does not use paywalls or charge for access to original, breaking news content. In order to provide this free service, we rely on advertisements. Please support our journalism by disabling your ad blocker for this website.