Bank of East Asia lowers Hong Kong dollar prime rate to 5.375%
Bank of East Asia (00023.HK) announced a reduction in interest rates, with the Hong Kong dollar standard savings deposit rate for deposits of HKD 5,000 or more being lowered from the current 0.25% to 0.125%. The Hong Kong dollar prime rate will be reduced from the current 5.5% to 5.375%, effective next Monday (September 22).
The bank's US dollar prime rate will be lowered from the current 7.5% to 7.25%, and the US dollar savings deposit rate for deposits of USD 1,000 or more will also be reduced from the current 0.25% to 0.125%
Source: AASTOCKS The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments