No relief for borrowers as HSBC keeps prime rate at 5.875%

scmp.com/business/article/3261145/hsbc-keeps-prime-rate-5875-wait-relief-goes-hong-kong-businesses-homeowners

Other lenders including Standard Chartered and Bank of China (Hong Kong) will announce their rate decisions later this afternoon. Analysts expect they will keep their rates steady.
The lender kept its prime lending rates at 5.875 per cent, while paying 0.875 per cent per annum for saving deposits over HK$5,000 (US$640) and nothing to those below that, the bank said in a…

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