HSBC and BOC HK lending rates unchanged

Business | 20 Dec 2018 4:18 pm

The Hongkong and Shanghai Banking Corporation and Bank of China Hong Kong (2388) kept their best lending rate at 5.125 percent today. The Standard Chartered Bank Hong Kong also held the prime rate unchanged at 5.375 percent.

The Hong Kong Monetary Authority chief executive Norman Chan Tak-lam said a decision by banks on their lending rates depends on the cost of funds.

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