Base rate cuts

HSBC has reduced its base rate by 0.25 per cent to 3.25 per cent following the Central Bank's decision to reduce the central intervention rate and discount rate by 25 basis points. The reduction applies from today to all personal and commercial lending...

HSBC has reduced its base rate by 0.25 per cent to 3.25 per cent following the Central Bank's decision to reduce the central intervention rate and discount rate by 25 basis points.

The reduction applies from today to all personal and commercial lending products that are linked to the bank's base rate. These products include home loans, commercial advances, Flexicredit, home credit loans, credit card lending, and current accounts.

The credit interest rates on the Maltese lira deposits have also been reviewed downwards.

The rate of interest that is charged to credit card balances will also be reduced by 0.25 per cent as from tomorrow.

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