HK banks maintain rates after Fed pause

31-07-2025 16:58 HKT

A taxi drives in front of skyscrapers at the central business district, including AIA Central, China Construction Bank (CCB) Tower, Bank of China Tower, Cheung Kong Centre, HSBC and Standard Chartered Bank headquarters, in Hong Kong, China August 17, 2021. REUTERS

Major banks in Hong Kong left their prime and savings rates unchanged on Thursday, following the US Federal Reserve's decision to keep interest rates steady for a fifth straight meeting while the Hong Kong Monetary Authority also maintained its base rate.

The Hongkong and Shanghai Banking Corporation will maintain its prime rate at 5.25 percent, unchanged since December 2024 when it was cut by 12.5 basis points. The bank's Hong Kong dollar savings deposit rate also remains the same.

Bank of China (Hong Kong) and Hang Seng Bank both retained their prime rates at 5.25 percent, with savings rates at 0.25 percent for balances of HK$5,000 or above. Standard Chartered Bank (Hong Kong) held its prime rate steady at 5.5 percent with no change to deposit rates.

STAFF REPORTER

Hong Kong banks prime rates savings rates US Federal Reserve interest rates Hong Kong Monetary Authority HSBC Bank of China Hang Seng Bank Standard Chartered financial stability interest rate decisions December 2024 deposit rates

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