Pedestrians walk past a branch of the HSBC bank at Pedder Street, Central. Photo: Yik Yeung -man
Pedestrians walk past a branch of the HSBC bank at Pedder Street, Central. Photo: Yik Yeung -man

HSBC, Standard Chartered among five lenders raising commercial lending rates to highest level in 14 years after HKMA lifts borrowing costs

  • Best lending rates at HSBC, Hang Seng and BOCHK will increase by 25 basis points to 5.375 per cent, while rates at Standard Chartered and Bank of East Asia will rise by the same margin to 5.625 per cent
  • The Hong Kong Monetary Authority has increased its base rate to a fresh 14-year high of 4.25 per cent with immediate effect

Pedestrians walk past a branch of the HSBC bank at Pedder Street, Central. Photo: Yik Yeung -man
Pedestrians walk past a branch of the HSBC bank at Pedder Street, Central. Photo: Yik Yeung -man
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