HSBC to raise Hong Kong best lending rate to 5.75%

0
129
The HSBC bank logo is seen in the Canary Wharf financial district in London, Britain, March 3, 2016. REUTERS/Reinhard Krause/File Photo

HONG KONG, May 4 (Reuters) – HSBC (HSBA.L) 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
-Advertisement-