Hong Kong’s six major lenders, including note-issuing banks HSBC, Standard Chartered and Bank of China (Hong Kong), kept their key lending and deposit rates unchanged on Thursday, meaning mortgage borrowers and companies face a longer wait for relief from high borrowing costs.

BOCHK, HSBC and its subsidiary Hang Seng Bank kept their prime lending rate at 5.875 per cent, while paying 0.875 per cent per annum for savings deposits over HK$5,000 (US$640) and nothing to those below that, the three banks said in separate statements on Thursday.

Source: TRADE FINANCE