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HSBC to cut best lending rate in Hong Kong by 12.5 bps to 5.25%

Published by Global Banking & Finance Review

Posted on December 19, 2024

1 min read

· Last updated: January 27, 2026

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HSBC logo with interest rate graph illustrating lending rate cut in Hong Kong - Global Banking & Finance Review
This image features the HSBC logo alongside a graph depicting the recent cut in the best lending rate to 5.25% in Hong Kong. This significant adjustment follows changes in the base rate, highlighting HSBC's response to market conditions.
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HSBC Lowers Hong Kong Lending Rate to 5.25% from 5.375%

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)

Key Takeaways

  • HSBC cuts Hong Kong lending rate by 12.5 basis points.
  • New rate of 5.25% effective from December 20.
  • Follows a central bank rate cut of 25 basis points.
  • HSBC aims to align with market conditions.
  • Impact expected on Hong Kong's financial market.

Frequently Asked Questions

What is the main topic?
The main topic is HSBC's decision to cut its best lending rate in Hong Kong by 12.5 basis points to 5.25%.
Why is HSBC cutting the lending rate?
HSBC is cutting the lending rate following a 25 basis points cut in the central bank's base rate.
When will the new rate be effective?
The new rate of 5.25% will be effective from December 20.

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