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Home > Banking > HSBC to cut best lending rate in Hong Kong by 12.5 bps to 5.25%

Banking

HSBC to cut best lending rate in Hong Kong by 12.5 bps to 5.25%

Published by Uma Rajagopal

Posted on December 19, 2024

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HONG KONG (Reuters) – HSBC Holdings said on Thursday it will cut its best lending rate in Hong Kong by 12.5 basis points to 5.25% from 5.375%, effective Dec. 20.

That followed a 25 basis points cut in the base rate charged through the overnight discount window of the city’s de facto central bank.

(Reporting by Hong Kong newsroom; Editing by Muralikumar Anantharaman)

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