Web-Based Question 8:   Hong Kong Interest Rate Structure

 

 

21/12/05

 

US Discount Rate (Primary credit rate)               

5.25

 

US Target (Intended) Federal Funds Rate         

(From the latest Statement of the FOMC meeting , Federal Reserve System's discount window website  or Open Market Operation website)

4.25

 

HK Discount Window: Base Rate                       

5.75

 

Hong Kong Interbank Offer Rate  (O/N HIBOR)

3.83

 

Aggregate Balance   (Closing Balance)               

1556MN

 

Best Lending Rates     (From HKMA website)

Or from HSBC website (Check the "News Highlights" about Best Lending Rates or                                     Search by entering "best lending rate and 200?")               

7.75

 

Deposit Rates  (HSBC )  in HKD                                               

    Savings       (10,000 - 149,999)                      

2.25

 

(150,000 or above)                   

2.50

 

Fixed Deposit 10,000-99,999    1 month          

2.65

 

3 months         

2.8

 

12 months         

3.0

 

Other Loan Rates (e.g. HSBC)                                           ( Click "Interest Rate" about Personal Instalment Loan:   HKD5,000-14,999; 12 months, APR)               

28.68

 

Note: