HSBC raising best lending rate to 5.375% after Hong Kong rate hike

HSBC raising best lending rate to 5.375% after Hong Kong rate hike

HONG KONG : HSBC Holdings said on Thursday it is raising its best lending rate in Hong Kong by 25 basis points to 5.375 per cent effective Nov. 4 after the city’s de facto central bank raised the base rate charged through its overnight discount window by 75 basis points.

The Hong Kong Monetary Authority earlier on Thursday raised the base rate charged through its overnight discount window to 4.25 per cent from 3.50 per cent.

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