Core Viewpoint - DBS Bank predicts that the 3-month Hong Kong Interbank Offered Rate (Hibor) will rise to 2.05% by the end of the year due to expected market changes [1] Group 1: Hibor Trends - Current low levels of Hibor are attributed to ample liquidity in Hong Kong's banking system [1] - The 3-month Hibor is expected to gradually rebound in the coming months, reaching 2.05% by year-end [1] - The 1-month Hibor is also anticipated to increase slightly, projected to reach 1.55% by the end of the year [1] Group 2: Currency and Intervention - The USD/HKD exchange rate remains around 7.85, prompting the Hong Kong Monetary Authority to continue its intervention in the short term [1] - A spread of over 250 basis points between 3-month Hibor and SOFR will help maintain the HKD within its weak trading range [1] - The expected weakening of the USD may lead to a moderate pace of intervention [1] Group 3: Federal Reserve Influence - Anticipated interest rate cuts by the Federal Reserve are expected to cushion the upward movement of Hong Kong interest rates [1]