HSBC to raise Hong Kong best lending rate to 5.75%

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HONG KONG, May 4 (Reuters) – HSBC (HSBA.L) will raise its Hong Kong dollar best lending rate from 5.625% to 5.75% with effect from Friday, the bank said in a statement on Thursday, following the territory’s central bank hiking its base rate by 25 basis points.

Reporting by Selena Li; Editing by Muralikumar Anantharaman

Our Standards: The Thomson Reuters Trust Principles.

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