中小银行再迎一轮存款利率调降

Core Viewpoint - A new round of interest rate cuts has emerged among small and medium-sized banks in China, driven by the ongoing pressure on net interest margins, with several banks announcing reductions in deposit rates [1][2][4]. Group 1: Recent Rate Adjustments - Shanghai Huari Bank has reduced its three-year fixed deposit rate from 2.3% to 2.15%, marking the eighth rate cut this year [1][2]. - Other regional banks, including Pingyang Pudong Village Bank and Fujian Huato Bank, have also announced similar reductions, with some rates dropping by as much as 80 basis points [3][4]. - Fujian Huato Bank has adjusted its six-month and one-year deposit rates to 1.5% and 1.6%, respectively, representing its fifth rate adjustment this year [4]. Group 2: Impact on Deposit Rates - The net interest margin for commercial banks has decreased from 1.52% at the end of last year to 1.42% by the second quarter of this year, prompting the current wave of deposit rate cuts [4]. - Some banks are experiencing a phenomenon of "inverted yield curves," where short-term deposit rates exceed long-term rates, leading to potential shifts in consumer behavior towards shorter-term deposits [5][6]. Group 3: Future Outlook - Industry experts anticipate that the ongoing rate cuts may create room for further monetary policy easing, including potential reductions in reserve requirements and interest rates later this year [6]. - Analysts predict that the central bank may implement another round of rate cuts in the fourth quarter, which could influence the Loan Prime Rate (LPR) [6].