HomeEconomyHSBC raises prime lending rate to 5.125% after Hong Kong rate hike Economy HSBC raises prime lending rate to 5.125% after Hong Kong rate hike By farahat September 22, 2022 0 164 views Share FacebookTwitterPinterestWhatsApp HSBC Bank -3.% Add to Watchlist/Remove from Watchlist Add to watch list Add Location Job added successfully: Please name your portfolio type: purchase Sell date: ) quantity: price Point value: Leverage: 1:1 1: 1: 1: 1: 1: 50 1: 12 1: 23 1: 25 Committee: 1000 CREATE NEW WATCH LIST CREATE 125200 400 12 create A new holding portfolio is added to create 100200 400 + Add another position to close HONG KONG (Reuters) – HSBC Holdings (NYSE: 25 HSBC ) said on Thursday that it raised its prime lending rate in Hong Kong by .5 basis points to 5. % Effective September at the city’s central bank through its overnight discount window 23 basis points. Hong Kong Monetary Authority early Thursday Time to raise the base rate through its overnight discount charge 3. % from 2.10%. Hong Kong Tracks US Rates trend, as its currency is pegged to the dollar, although local banks have some leeway to lag the U.S. trend in setting prime rates. Share FacebookTwitterPinterestWhatsApp Previous articleCzech central bank deputy unlikely to vote for rate cut: newspaperNext articleSchnabel says ECB must keep raising rates despite sluggish economy farahat RELATED ARTICLES Economy Zelenskiy says nothing will weaken Kyiv’s resolve against Russia October 1, 2023 Economy Philippines eyes maiden sukuk issue in November October 1, 2023 Economy Credit Suisse, Mozambique secure out-of-court ‘tuna bond’ settlement October 1, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! Please enter your email address here Website: Save my name, email, and website in this browser for the next time I comment. USA Trends Messi-mad Indian mom driving to Qatar to see hero in his final World Cup December 7, 2022 Drew Brees fakes lightning strike in promotional stunt for online sportsbook December 3, 2022 Who could be speaker, if not Kevin McCarthy December 3, 2022 3 bold Utah football predictions for Pac-12 Championship vs. USC December 3, 2022 Load more LAST NEWS Top 10 trending phones of week 39 October 1, 2023 Game Story: IKF gets Yankees on board with 2-run single ▶️ October 1, 2023 Kinnikuman Perfect Origin-Hen Anime Teased in Promo Video October 1, 2023 Zelenskiy says nothing will weaken Kyiv’s resolve against Russia October 1, 2023 Load more Featured NEWS Bitcoin Breaks Out: Experts Predict $36,000 Target As Market Outlook Remains Positive May 5, 2023 5 key moments from Ukrainian President Volodymyr Zelensky's visit to DC December 23, 2022 House passes bill to allow Medicare drug price negotiations August 18, 2022 Bitcoin Wallet Activity Touches 5-Month High, Will BTC Price Follow? September 14, 2023 Load more
