Heavy!There are also 6 banks including CITIC, Everbright, Ping An, and SPD that have announced that the deposit interest rate is reduced

According to CCTV News, as of the afternoon of the 16th, joint -stock banks that announced the reduction of deposit interest rates today include CITIC Bank, Everbright Bank, Minsheng Bank, Ping An Bank, Pudong Development Bank, and Guangfa Bank. According to the announcement, the deposit interest rate adjusted by the six joint -stock banks is basically consistent.

Among them, the annual interest rate of the deposit period is 0.25%, the one -year terminal deposit interest rate is 1.85%, the annual interest rate of the three -year regular deposit is 2.65%, and the five -year regular deposit annual interest rate is 2.7%. Other regular deposits, zero deposits, and notification deposits have also been adjusted.

At present, joint -stock banks such as Zhejiang Commercial Bank, Industrial Bank, Bohai Bank, Hengfeng Bank, etc., as well as most urban commercial banks, rural credit cooperatives, rural cooperative banks, rural commercial banks, etc. have not yet issued announcements on the adjustment of deposit interest rates.

On the previous day, the six major state -owned banks had taken the lead in downgrading interest rates. On September 15, the reporter learned from the ICBC, Agricultural Bank of China, Bank of China, CCB, Bank of Communications, and Postal Savings Bank that the six major state -owned banks have adjusted personal deposit interest rates from September 15, including more deposits and regular deposits. The interest rate of individual varieties has a different range of fine -tuning.

The three -year regular deposit and large deposit interest rates were reduced by 15 basis points, and the one -year and five -year regular deposit interest rate was reduced by 10 basis points, and the interest rate of the deposit rate was reduced by 0.5 basis points. At present, the annual interest rate of the sixth largest banks is 0.25%; the one -year terminal deposit interest rate is 1.65%; the annual interest rate of the three -year regular deposit is 2.6%; the annual interest rate of the five -year regular deposit is also 2.65%.

Data map, picture source: Daily Economic News Liu Guomei Photo

Why should the bank be lowered?

Why do banks reduce deposit interest rates? According to the Economic Daily reported on September 16, there are two main reasons:

On the one hand, the reduction of deposit interest rates can help provide room for reducing loan interest rates and reducing the cost of real economy financing. As we all know, banks absorb deposits to form a liability terminal and issue loans to form asset terminals. The "price difference" of the asset and liabilities is basically the interest rate difference between loan interest rates and deposit interest rates. After the deposit interest rate decreases, the loan interest rate will decline even more when the interest margin remains unchanged.

On the other hand, the reduction of deposit interest rates is closely related to the decline in LPR (loan market quotation interest rate). On August 22, the 1 -year LPR and LPR above 5 years dropped 5 basis points and 15 basis points, respectively. After the loan interest rate declines, if the deposit interest rate remains unchanged, commercial banks will face a large narrowing pressure. The interest margin indicators are related to the bank's operating conditions. The severe fluctuations of the interest difference are not conducive to the steady operation of commercial banks, and it is especially not conducive to small and medium banks with higher deposit dependence. Decrease deposit interest rates to reduce bank liabilities and enhance the stability of asset -liability management.

According to the 21st Century Business Herald, the analysis believes that the deposit interest rate is reduced by LPR on August 22, and the one -year and 5 -year period of the day are reduced by 0.05 and 0.15 percentage points.

In April 2022, the central bank guided the interest rate self -discipline mechanism to establish a market -oriented adjustment mechanism for deposit interest rates. Members of the self -regulatory mechanism bank referred to the bond market interest rate represented by 10 -year Treasury yields and the loan market interest rate represented by one -year LPR. Reasonably adjust the level of deposit interest rates.

"The establishment of this mechanism can promote banks to track market interest rate changes, enhance the market -oriented pricing capacity of deposit interest rates, and maintain the healthy order of the deposit market." The central bank said.

At that time, a number of state -owned banks and shares lowered the time deposit interest rates and large -deposit interest rates of some periods. Since April, LPR (loan market quotation interest rate) interest rate has been lowered twice. First, May 20, 2022, the one -year LPR remains unchanged, and the five -year LPR drops 15bp; then on August 20th The one -year LPR decreased 5bp, the five -year LPR dropped 15bp, and the interest rate of the ten -year Treasury bonds has declined sharply. Therefore, the market has been adjusted by the adjustment of the regular deposit rate of bank banks in this round of banks.

According to the First Financial Report, with the adjustment of the bank deposit interest rate mentioned above, more banks are expected to join the team in the future.

Edit | Cheng Peng Yi Qijiang Du Hengfeng

School Division | Wang Yuelong

Cover picture source: Daily Economic News Liu Guomei Photo

Daily Economic News integrated from CCTV News, 21st Century Business Herald, First Financial

Daily Economic News

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