HSBC to raise Hong Kong best lending rate to 5.75%

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HSBC to raise Hong Kong best lending rate to 5.75%
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HSBC will raise its Hong Kong dollar best lending rate from 5.625% to 5.75% with effect from Friday, the bank said in a statement on Thursday, following the territory's central bank hiking its base rate by 25 basis points.

The HSBC bank logo is seen in the Canary Wharf financial district in London, Britain, March 3, 2016.

Reinhard Krause/File Photowill raise its Hong Kong dollar best lending rate from 5.625% to 5.75% with effect from Friday, the bank said in a statement on Thursday, following the territory's central bank hiking its base rate by 25 basis points.

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