Today news
About the same in other media
HSBC to raise prime lending rate to 5.875% after Hong Kong rate hike
Reading now: 878
investing.comHONG KONG (Reuters) -HSBC Holdings said on Thursday it is raising its best lending rate in Hong Kong by 12.5 basis points to 5.875% effective on July 28 after the city's de facto central bank raised the base rate.
HSBC also said it would raise the savings rate for its U.S. dollar savings deposits by 12.5 basis points to 1.0% per annum from 0.875% effective on Friday.
The Hong Kong Monetary Authority (HKMA) earlier on Thursday raised its base rate charged through the overnight discount window by 25 basis points to 5.75%, the highest in 16 years, hours after the U.S. Federal Reserve delivered a rate hike of the same margin.
Read more on investing.comAbout this in other media
Hong Kong debuts retail crypto trading with HashKey exchange cointelegraph.com /1 year ago
Hong Kong’s Property Market Is a Mess—and the Fed Is Partly to Blame livemint.com /1 year ago
McDonald's Hong Kong Partners with Sandbox to Launch First Metaverse Experience, McNuggets Land blockchain.news /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
