实探美元存款利率调整 有银行月内已两度下调

Core Viewpoint - The Federal Reserve's recent interest rate cut has prompted banks to adjust their USD deposit rates, with foreign banks leading the changes while many domestic banks have yet to respond [1][8]. Summary by Sections Foreign Banks' Adjustments - Several foreign banks have lowered their USD deposit rates following the Fed's rate cut, with HSBC reducing rates by 10 to 20 basis points for various terms [2][3]. - As of September 22, HSBC's new rates for new funds include 3.5% for 1-month, 3-month, and 6-month deposits, and 3.05% for 12-month deposits, with previous rates being higher [2]. - DBS Bank has also adjusted its rates, with current rates for general accounts at 3.1% for 1-month and 2.9% for 1-year deposits, reflecting a decrease from earlier in the month [3]. Domestic Banks' Rates - Most domestic banks have not yet adjusted their USD deposit rates, maintaining a maximum rate of 2.8% for 1-year deposits [6][7]. - State-owned banks like Bank of Communications and China Construction Bank offer similar rates, with 1-month deposits at 2.2% and 1-year deposits at 2.8% [6]. - Some city commercial banks, such as Beijing Bank, offer more competitive rates, with 1-year deposits at 3% [7]. Market Dynamics - The differing responses to the Fed's rate cut among banks are attributed to variations in their funding structures, cost of capital, and market positioning [8]. - Analysts suggest that foreign banks are more responsive to international market changes and Fed policies, while domestic banks may take a more cautious approach [8]. Current Market Conditions - Despite the recent adjustments, many banks' USD deposit rates remain higher than their RMB counterparts, attracting depositors [9].