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.
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