Sing Valley Mortgage: The Hong Kong banks have only made a small interest rate cut this time, and it is expected that there will be another rate cut opportunity later this year.

According to the Wisdom Financial APP, the Federal Reserve announced a 25 basis point rate cut last night, but major banks in Hong Kong did not follow suit. Among them, HSBC only symbolically lowered the Hong Kong dollar's prime rate by 0.125%, from 5.25% to 5.125%. Kelvin Chung, CEO of Star Valley Mortgage Referral, described the rate cut as not significant, but he expects there to be another rate cut opportunity within the year.