HSBC keeps best lending rate in Hong Kong unchanged at 5.875%

May 2, 2024 12:27 AM EDT

FILE PHOTO: Pedestrians wearing face masks following the coronavirus disease (COVID-19) outbreak, walk past a HSBC bank branch in Hong Kong, China February 22, 2022. REUTERS/Lam Yik/File Photo

HONG KONG (Reuters) - HSBC Holdings said on Thursday it had kept its best lending rate in Hong Kong at 5.875%, after the city's de facto central bank kept unchanged the base rate charged through its overnight discount window, tracking the U.S. Federal Reserve's decision to keep rates steady.

(Reporting by Donny Kwok; Editing by Jamie Freed)



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Reuters

Related Entities

HSBC