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HSBC also said it would raise the savings rate for its U.S. dollar savings deposits by 12.5 basis points to 1.0% per annum from 0.875% effective on Friday.
The Hong Kong Monetary Authority (HKMA) earlier on Thursday raised its base rate charged through the overnight discount window by 25 basis points to 5.75%, the highest in 16 years, hours after the U.S. Federal Reserve delivered a rate hike of the same margin.
