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

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

Reuters12-19

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

HONG KONG, Dec 19 (Reuters) - HSBC Holdings 0005.HK HSBA.L 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)

((donny.kwok@thomsonreuters.com; +852 3462 7745; Reuters Messaging: donny.kwok.reuters.com@reuters.net))

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