StanChart raises prime rate to 5.375pc

Business | 27 Sep 2018 1:06 pm

Standard Chartered Bank Hong Kong has announced it will raise its prime rate, or best lending rate, from 5.25 percent to 5.375 percent.

Meanwhile, it will increase the interest rate of the bank's saving accounts' deposit dominated in Hong Kong dollar from 0.01 percent to 0.125 percent from tomorrow.

This announcement followed The Hongkong and Shanghai Banking Corporation and Hang Seng Bank's consecutive announcements to increase the prime rate and the interest rate of their saving accounts' deposit dominated in the Hong Kong dollar.

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