Standard Chartered cut its 2025 economic growth forecast for Hong Kong to 2.2%, citing weaker exports, subdued consumption, and slower-than-expected U.S. interest rate cuts. The bank retained its 2024 growth estimate at 2.6%. It also raised its forecast for the three-month Hong Kong interbank offered rate (HIBOR) to 3.15% by mid-2025 and 3% by year-end. Liu Jianheng, senior economist for Greater China at Standard Chartered, said favourable policies introduced in the recent policy address have led to a rise in property market transactions. However, property prices are expected to remain soft due to high inventory levels before rebounding next year. The forecast reflects continued economic challenges amid global uncertainties and domestic market pressures.