最高下调80BP！中小银行再迎降息潮

Core Viewpoint - Recent announcements from various local small and private banks indicate a new round of deposit rate cuts, primarily affecting fixed-term deposit rates, as banks adapt to changing market conditions and customer expectations [1][2]. Group 1: Deposit Rate Cuts - Numerous small and private banks across regions such as Henan, Yunnan, Guangdong, and Hainan have recently lowered their deposit rates, with some banks reducing rates by as much as 80 basis points [2]. - For instance, Pingyang Pudong Village Bank has reduced its three-year and five-year fixed deposit rates from 2.1% and 2.15% to 1.3% and 1.35%, respectively [2]. - Shanghai Huari Bank has initiated its seventh round of rate cuts this year, reducing its three-year fixed deposit rate by 15 basis points to 2.15% [2]. Group 2: Changes in Deposit Products - Some banks, such as Guizhou Wuchuan Rural Commercial Bank, have stopped the automatic renewal feature for high-interest deposit products like notice deposits and zero-balance savings [3]. - This shift indicates a broader trend of banks adjusting their product offerings in response to declining deposit rates [3]. Group 3: Future Outlook - Experts predict that there is still room for further interest rate cuts, as the downward trend in deposit rates continues [4]. - The People's Bank of China (PBOC) has maintained the Loan Prime Rate (LPR) steady for five consecutive months, with the one-year LPR at 3% and the five-year LPR at 3.5% [4]. - Analysts expect potential new rounds of interest rate cuts and reserve requirement ratio reductions from the central bank, which could lead to lower loan rates for businesses and consumers [4]. Group 4: Challenges for Commercial Banks - The decline in deposit rates and the rise of investment awareness among residents have led to a phenomenon termed "deposit migration," posing challenges for commercial banks [5]. - Experts suggest that banks should shift their focus from merely attracting deposits to enhancing customer service and product offerings to retain client funds and generate management fees [5].