HSBC Maintains Prime Rate at 5.875% Amid Eager Hopes in Hong Kong

Thursday, 2 May 2024, 04:32

HSBC, Hong Kong’s largest lender, has decided to keep its primary lending and deposit rates steady at 5.875%. This move prolongs the anticipation for relief among local businesses and homeowners who are eagerly waiting for a decrease in borrowing costs.

https://store.livarava.com/38329c87-083d-11ef-a6c0-63e1980711b2.jpg — HSBC Maintains Prime Rate at 5.875% Amid Eager Hopes in Hong Kong

HSBC Keeps Prime Rate Unchanged

Hong Kong's biggest lender, HSBC, announced that it will not be adjusting its key lending and deposit rates of 5.875%. This decision will impact local businesses and mortgage borrowers.

Waiting Game for Borrowing Costs

With HSBC's rates remaining the same, Hong Kong businesses and homeowners will have to wait longer for any potential relief in borrowing expenses.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.