村镇银行再现降息潮

Core Viewpoint - Recent rounds of interest rate cuts have led to many village and town banks lowering their deposit rates, with some rates now equal to or lower than those of major state-owned banks [2][6]. Group 1: Interest Rate Cuts - A new round of LPR and deposit rate cuts was implemented on May 20, with major state-owned banks and some joint-stock banks lowering their rates simultaneously [3]. - In May, 15 out of 19 private banks reduced their interest rates, with a total of 22 cuts, marking a significant shift from previous gradual adjustments to more aggressive cuts [3]. - By July and August, while private banks stabilized their rates, village banks continued to lower their deposit rates further [3]. Group 2: Specific Rate Adjustments - Jilin Longtan Huayi Village Bank announced a reduction in deposit rates effective August 20, with rates for various terms lowered by 0.1 percentage points [4]. - BaiShan HunJiang Hengtai Village Bank also adjusted its rates, with reductions across multiple terms, including a 0.2 percentage point cut for three-year and five-year deposits [5]. - Shengzhou Ruifeng Village Bank reduced its rates significantly, with three-month to five-year rates dropping to as low as 1.3% [5]. Group 3: Comparison with State-Owned Banks - After multiple rounds of cuts, some deposit rates at smaller banks are now equal to or lower than those of major state-owned banks, which have rates of 0.65% to 1.3% across various terms [6]. - For instance, Shengzhou Ruifeng Village Bank's five-year deposit rate matches that of state-owned banks, while others like Guangzhou Huadu Chouzhou Village Bank offer rates below those of state-owned banks [6]. Group 4: Market Trends - Data from Rong360 indicates that bank deposit rates are in a downward trend, with average rates for various terms showing declines compared to June [7]. - The average three-month deposit rate is now at 0.943%, with significant decreases across all terms, indicating a broader market trend towards lower interest rates [7].