HSBC says to keep best lending rate at 5 pct in Hong Kong

HONG KONG, March 16 (Reuters) - HSBC Holdings Plc

said on Thursday it would maintain its best lending

rate at 5 percent in Hong Kong, even after the central bank

raised its benchmark interest rate by a quarter point for the

second time in three months.

The Hong Kong Monetary Authority earlier on Thursday raised

the base rate charged through its overnight discount window by

25 basis points to 1.25 percent, following a similar move by the

U.S. Federal Reserve.

HSBC's best lending rate in Hong Kong was last changed on

Nov 10, 2008, when it was lowered by 25 basis points, the bank

said in a statement, adding it would also not change its savings

rate for its Hong Kong dollar savings deposits.

(Reporting by Sumeet Chatterjee; Editing by Himani Sarkar)