Hongkong Chinese Bank trims savings rate to 1.125 pc

HKCB Holdings Ltd. (0655) wholly owned Hongkong Chinese Bank said it cut its savings deposit rate to 1.125 percent per annum from 1.75 percent, following the U.S. rate cut on Monday. The best lending rate will be cut to 6 percent from 6.5 percent per annum. The new rates will take immediate effect.

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