BOCHK: The Hong Kong dollar interbank interest rate is expected to stay at 2 to 3% for one to three months. Hong Kong property prices are not expected to experience major fluctuations this year.

According to the Wise Finance APP, Zhou Guochang, General Manager of Individual Gold Products of Bank of China Hong Kong (02388), stated that he expected that in the short to medium term, the Hong Kong dollar interbank offer rate will remain between 2% and 3%. The deposit interest rates of major banks will remain at around 2%. In early May, the Hong Kong dollar interbank offer rate dropped from above 4% to below 2%. There is a significant gap between the Hong Kong dollar and the US dollar interest rates, with the Hong Kong dollar exchange rate falling from 7.75 to 7.83 against the US dollar. The bank's CASA ratio has been steadily increasing since the beginning of this year.