HONG KONG (Reuters) – HSBC Holdings said on Thursday it will cut its best lending rate in Hong Kong by 12.5 basis points to 5.25% from 5.375%, effective Dec. 20.
That followed a 25 basis points cut in the base rate charged through the overnight discount window of the city’s de facto central bank.
(Reporting by Hong Kong newsroom; Editing by Muralikumar Anantharaman)
