HSBC to lower prime lending rate in H. Kong

HSBC Holdings announced on Thursday that it will reduce its prime lending rate in Hong Kong by 12.5 basis points to 5.25 per cent from 5.375 per cent, starting on December 20th.

This was preceded by a 25-basis points reduction in the base rate applied at the overnight discount window of the city’s de facto central bank.

Attribution: Reuters

Subediting: Y.Yasser