HONG KONG BANKS RAISE PRIME ONE-HALF POINT TO 6.5 PCT
Hongkong and Shanghai Banking Corp and
Standard Chartered Bank raised their prime rate one-half point
to 6.5 pct, effective Tuesday, the Association of Banks said.
    The association said in a statement deposit rates have also
been increased by 1/4 to 1/2 percentage point.
    The banks last announced an adjustment on February 28 when
they raised the prime rate by one point to six pct.
    The deposit interest rates are now savings and 24 hours two
pct, seven-day call, one week and two weeks 2-1/4 pct, one
month and two months 2-3/4 pct, three and six months 3-1/4 pct,
nine months 3-1/2 pct and 12 months four pct.
 REUTER
