Zhong Zheng Wang·2025-09-22 08:14Core Viewpoint - The Federal Reserve has announced a 25 basis point reduction in the federal funds rate target range, marking the first rate cut since December 2024, which may lead to adjustments in dollar deposit rates at various banks in China [1] Group 1: Federal Reserve Rate Cut - The Federal Reserve's recent decision to lower the federal funds rate by 25 basis points is significant as it is the first cut since December 2024 [1] - This rate cut is expected to influence the dollar deposit rates offered by banks in China, with many banks indicating that adjustments may occur soon [1] Group 2: Current Dollar Deposit Rates - Some banks in Beijing are still offering dollar deposit rates above 3%, with specific rates such as 2.5% for 3-month deposits, 2.7% for 6-month deposits, and 3% for 1-year deposits at Jiangsu Bank [1] - Beijing Bank is maintaining a 3% rate for 1-year dollar deposits, although adjustments are anticipated following the Fed's rate cut [1] - Guangfa Bank has tiered dollar deposit rates based on deposit amounts, with rates ranging from 3.1% to 3.4% for 6-month deposits and 2.8% to 3.2% for 2-year deposits, indicating potential future rate cuts [1]