Goldman Sachs released a research report estimating that the US Fed will cut interest rates by 25 bps each in December 2025, March and June 2026, compared to earlier predictions of rate cuts in June, July and September 2025. Regarding HIBOR, due to the excess liquidity in the Hong Kong banking system, the 1-month HIBOR has decreased by about 2 ppts to below 1.9%.Related NewsG Sachs: Decline in HIBOR/ Narrowing NIM Weigh on HK Banks' Profits, but Deposit Growth & Fee Income Provide SupportGoldman Sachs raised its FY2025-FY2028 EPS forecasts for HSBC HOLDINGS (00005.HK) +0.400 (+0.431%) Short selling $105.22M; Ratio 12.518% by approx. 3% and lifted its target price by 2% to $103 from $101. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-21 12:25.)