本轮存款降息快速扩散，三菱日联银行打响外资行跟进“首炮”

Core Viewpoint - The rapid spread of deposit rate cuts in the banking sector is highlighted, with Mitsubishi UFJ Bank (China) being the first foreign bank to follow suit, indicating significant pressure on net interest margins within the industry [1] Summary by Category Deposit Rate Adjustments - Mitsubishi UFJ Bank (China) announced adjustments to its RMB deposit rates effective June 3, 2025, including a reduction in the following rates: - Demand deposit rate from 0.10% to 0.05% - 1-year fixed deposit rate from 1.10% to 0.95% - 2-year fixed deposit rate from 1.20% to 1.05% - 3-year fixed deposit rate from 1.50% to 1.25% [1] Industry Trends - The speed at which joint-stock banks and foreign banks are following the lead of state-owned banks in cutting rates suggests immense pressure on net interest margins within the banking sector [1] - Historical experiences from abroad indicate that excessively low interest margins are detrimental to the sustainable development of banks, suggesting that future rate-cutting space may be "very limited" [1]