Hong Kong Monetary Authority: It is expected that factors such as the supply and demand of Hong Kong dollar funds and overall liquidity will continue to affect the Hong Kong dollar interbank interest rate.

According to the Wise Financial APP, on May 8, the Hong Kong Monetary Authority responded to the decision of the Federal Reserve by stating that the currency and financial markets in Hong Kong are operating orderly. The recent strength of the Hong Kong dollar exchange rate is mainly driven by the demand for Hong Kong dollars related to stock market investments and the appreciation of the domestic currency against the US dollar, triggering the "strong-side exchange guarantee" under the linked exchange rate system at 7.75 Hong Kong dollars to 1 US dollar. The Hong Kong Monetary Authority purchases US dollars from the market and sells Hong Kong dollars according to the linked exchange rate system, leading to an increase in the overall balance of the banking system and an increase in the liquidity of the Hong Kong dollar, causing the interbank interest rates to fall. It is expected that factors such as the supply and demand of Hong Kong dollar funds and overall liquidity will continue to affect interbank interest rates, especially for shorter maturities.