HSBC reduces its euro base rate

HSBC has announced a downward adjustment of its euro base rate by 10 basis points, from 4.1% to 4% with effect from tomorrow. "All HSBC personal lending, mortgage lending and business lending will automatically be adjusted downwards by 10...

HSBC has announced a downward adjustment of its euro base rate by 10 basis points, from 4.1% to 4% with effect from tomorrow.

"All HSBC personal lending, mortgage lending and business lending will automatically be adjusted downwards by 10 basis points providing cheaper lending to the bank’s customer base" the bank said.

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