多家银行宣布下调人民币存款利率

Core Viewpoint - Several small and medium-sized banks in China have announced reductions in RMB deposit interest rates, with cuts ranging from 10 to 20 basis points [1][8]. Group 1: Interest Rate Adjustments - Jiangsu Bank and Nanjing Bank have adjusted their three-year fixed deposit rates from 1.85% to 1.75% [3][5]. - Jilin Longtan Huayi Village Bank has lowered its interest rates effective August 20, with the annual interest rate for demand deposits reduced from 0.2% to 0.15%, and fixed deposit rates for various terms down by 10 to 20 basis points [7]. - Shandong Gaomi Huimin Village Bank has also announced a reduction in fixed deposit rates, with cuts of 10 basis points for 6-month, 1-year, and 2-year terms, and 20 basis points for 3-year and 5-year terms [8]. Group 2: Market Trends and Implications - The recent rate cuts are seen as a follow-up to earlier reductions by major commercial banks, aimed at addressing the downward pressure on net interest margins [10]. - In May, major banks including ICBC, ABC, BOC, CCB, and others reduced their deposit rates by up to 25 basis points, with current rates for demand deposits at 0.05% and three-year and five-year rates at 1.25% and 1.3%, respectively [12].