Meridians: The Federal Reserve has the opportunity to cut interest rates in the fourth quarter, which may ease the upward pressure on Hong Kong dollar interbank rates.

According to the ZhuTong Financial APP, the chief vice president of the brokerage mortgage referral, Cao Deming, stated that in recent months the Hong Kong dollar has continued to trigger the "weak side exchange guarantee". The Hong Kong Monetary Authority entered the market for the seventh time this morning to buy Hong Kong dollars. The total balance of the banking system will fall to 82.552 billion Hong Kong dollars, and the total balance of the banking system will continue to decline, causing HIBOR to fluctuate in recent months. Although HIBOR has fluctuated, the Federal Reserve has the opportunity to cut interest rates for the first time in the fourth quarter. At that time, funds may flow into the Hong Kong market to ease the pressure of rising Hong Kong dollar interest rates. After the passage of the US "big and beautiful" bill, the market believes that some funds may flow to the Asian market, and it is expected that Hong Kong banks may adjust their prime rates according to their own business strategies, not ruling out a reduction in the most favorable rates. At that time, it is expected that HIBOR will also have the opportunity to follow suit and fall.