美元存款利率下调 与此同时，南京银行客服人员也在此前对《华夏时报》记者表示，该行自9月20日起开始执行下调后的 美元存款利率标准。 "利率或将走向'2字头'。"苏商银行特约研究员薛洪言在接受《华夏时报》记者采访时表示，美元存款 利率整体下行趋势已难以逆转，3%将成为阶段性利率高点，后续将逐步向2.5%-2.8%的区间靠近。 自美联储宣布年内首次降息以来，市场目光一直聚焦于各类美元资产。 近期，记者以投资者身份走访调查美元存款最新行情，多家银行工作人员表示，美元定期存款利率已经 下调。 9月29日，《华夏时报》记者从西安银行获悉，该行于9月28日开始执行新的美元存款标准，调整前的5 档存期中有3档利率在4%以上，调整后所有存期利率都在3字头区间，其中，3个月存期利率调整幅度最 大，下调了0.5％。 今年以来，银行对美元定期存款利率的调整悄然进行着。《华夏时报》记者在采访中了解到，今年已有 多家银行美元存款利率为"4"字头的产品经过下调步入"3"时代。 而随着美联储今年内首次降息，银行正加速调整美元存款利率。 9月29日，《华夏时报》记者致电西安银行得知，该行1月期、3月期、6月期和1年、2年期，美元存款利 率已 ...

市场普遍预期，美联储本轮降息尚未结束。景顺亚太区环球市场策略师赵耀预计，美联储将于年底前再 次降息两次，每次0.25厘，并在明年初再降息一次。大新银行经济研究及投资策略部也预测，今年余下 时间及明年，美联储或将各减息两次。中信证券则预计，美联储将在10月和12月的议息会议上分别再次 降息25个基点。民生银行首席经济学家温彬认为，若后续美国失业率持续上升，美联储降息的可能性将 进一步加大。美联储利率预测"点阵图"也显示，美联储官员对今年剩余两次政策会议累计降息幅度的中 位数值预测为50个基点。 投资者需警惕风险，多元配置资产 对于投资者而言，美元存款的高收益背后隐藏着多种风险。中信证券研究部总监、银行业分析师林英奇 提醒储户，在选择美元存款时，不能只关注利率，还需综合考量汇率波动可能带来的影响以及不同资产 之间的收益差异。他建议，储户需要关注两方面的风险：一是汇率风险，若存款到期时人民币走强，可 能面临汇兑损失；二是机会成本，即存款相对于权益类等高回报资产所牺牲的潜在收益。上海金融与法 律研究院研究员杨海平也提醒投资者，切勿盲目追求高息，而忽视了潜在的汇率风险。 回溯2024年9月17日，美联储一声"降息"的号 ...

Core Viewpoint - The Federal Reserve has initiated its first interest rate cut in 2025, leading to a downward trend in USD deposit rates across various banks, with differing adjustments based on market competition and bank types [1][2]. Group 1: Federal Reserve Actions - On September 18, 2024, the Federal Reserve announced its first rate cut since December 2024, lowering the benchmark rate to a range of 4.00% to 4.25%, with a total reduction of 125 basis points [2]. - Analysts predict further rate cuts, with estimates of two additional 25 basis point reductions in the remaining meetings of the year [2]. Group 2: Bank Responses - HSBC reduced its USD fixed deposit rates on the same day as the Fed's announcement, with rates for 1-month and 6-month deposits dropping to 3.5%, a decrease of 10 and 20 basis points respectively [3]. - Huashang Bank lowered its USD fixed deposit rates by 25 basis points across various terms, with new rates set at 3.75%, 3.85%, and 3.90% for 1-month, 3-month, and 6-month deposits [3]. - Major state-owned banks like ICBC, ABC, and CCB have maintained their USD deposit rates, which remain at 2.2% for 1-month and 2.8% for 1-year and 2-year deposits [3]. Group 3: Market Outlook - The consensus in the industry is that high-yield USD products will struggle to maintain their attractiveness due to the established rate cut cycle by the Federal Reserve [2][4]. - The average annualized yield for USD wealth management products has dropped to 3.79%, down from 4.52% earlier in the year, indicating a significant decline in returns [4]. Group 4: Investment Considerations - Investors are advised to reassess their asset allocation in light of potential declines in deposit interest rates, considering diversifying into higher-yielding and controlled-risk assets such as bonds and funds [4][5]. - The impact of exchange rate fluctuations on USD assets is highlighted, with potential depreciation of the dollar affecting the value of dollar-denominated investments [5].

Core Viewpoint - Following the Federal Reserve's interest rate cut in September, USD deposit rates have entered a downward trend, with expectations for further reductions in the future [1][2]. Group 1: USD Deposit Rate Changes - A foreign bank's USD deposit products now offer rates of 3.5% for 1-month, 3-month, and 6-month terms, and 3.05% for 12-month terms, with a 10 basis points (BP) reduction for 1-month and 20 BP for 6-month terms compared to previous rates [1]. - In South China, a foreign bank previously offered rates above 4% for short-term USD deposits, which have now been reduced to 3.75%, 3.85%, and 3.90% for the same terms [1]. - In North China, general account USD deposit rates have been adjusted to 3.1% for 1-month, 3.3% for 3-month, and 3.05% for 6-month terms, with VIP account rates being 45 BP higher [1]. Group 2: Future Expectations and Market Dynamics - The Federal Reserve's recent rate cut is characterized as a "risk management cut," aimed at preventing deterioration in the job market, with an implied 50 BP of additional cuts expected within the year [2]. - Different banks are adjusting their rates at varying paces, with state-owned banks maintaining more stable rates compared to foreign and city commercial banks, which are more flexible due to their dollar positions and market competition [2]. - Short-term rates are under greater downward pressure, with expectations that 3-month to 6-month rates may continue to decline, while long-term rates may adjust more moderately [2]. Group 3: Investment Considerations - Investors should be cautious of the risks associated with declining rates and shrinking investment returns, recommending a preference for short-term products to allow for timely strategy adjustments [3]. - Currency fluctuations and hedging costs should be considered, as a weaker dollar could lead to reduced actual returns on USD deposits, with options for hedging through forward contracts or structured deposits [3]. - Liquidity and minimum deposit requirements are important factors, as some high-yield products may have significant withdrawal penalties, necessitating careful fund allocation based on liquidity needs [3].

Core Viewpoint - The Federal Reserve's recent decision to lower the federal funds rate target range by 25 basis points to 4.00%-4.25% has prompted significant attention towards the domestic dollar deposit rates in China, with many banks beginning to adjust their rates downward in response to the Fed's actions [1][4]. Group 1: Current Dollar Deposit Rates - Various banks in China are currently offering dollar deposit rates above 3%, with some products still maintaining attractive rates [3]. - For instance, Jiangsu Bank offers a 1-year dollar deposit rate of 3% with a minimum deposit of $5,000, while other banks like Guangfa Bank and Chongqing Bank provide rates as high as 3.4% and 3.95% respectively for higher deposit amounts [3][4]. - Foreign banks, such as Standard Chartered, are also maintaining relatively stable rates, with their 1-year dollar deposit rate reaching up to 3.6% [3]. Group 2: Rate Adjustments Post-Fed Decision - Several banks have already initiated rate cuts following the Fed's announcement, with Huashang Bank reducing its short-term dollar deposit rates by 25 basis points across various terms [4]. - Xi'an Bank plans to lower its dollar deposit rates by the end of September, with significant reductions across all terms [4]. - Guangdong Huaxing Bank has already completed its rate adjustments, with the 1-year rate for deposits over $100,000 now at 3.9% [4]. Group 3: Future Rate Trends - Experts predict a downward trend in dollar deposit rates due to the Fed's actions, with expectations of further rate cuts in the coming years [6]. - The Chief Economist at CITIC Securities suggests that domestic banks will likely lower their dollar deposit rates to reduce liability costs, although the timing may vary based on individual bank circumstances [6]. - Predictions indicate that the Fed may implement two more rate cuts by 2025, which could further pressure domestic dollar deposit rates [6]. Group 4: Consumer Behavior and Considerations - Some consumers are taking proactive measures to secure higher rates before anticipated cuts, while others remain cautious and rational in their approach to dollar deposits [7]. - The current exchange rate of 1 USD to 7.1173 CNY indicates a strengthening of the yuan, which could impact the real returns on dollar deposits if the trend continues [7]. - There is an expectation that state-owned banks will eventually follow suit with rate adjustments, as market expectations are forming around this possibility [7].

Core Viewpoint - A new round of "interest rate cuts" for USD deposits has begun following the Federal Reserve's recent decision to lower the federal funds rate target range by 25 basis points [1] Group 1: Bank Reactions - Some foreign banks and city commercial banks have quickly adjusted their USD deposit rates, while large state-owned banks have not yet made changes [1][3] - For instance, Nanjing Bank has reduced its one-year USD deposit rate to 3.3% for deposits starting at $50,000, down from 3.4%, and to 3.55% for $200,000, down from 3.8% [3] - HSBC has also lowered its USD deposit rates on the same day the Fed announced the cut, with new rates for various deposit amounts [6] Group 2: Market Response - Despite the rate cuts, there has not been a rush among investors to lock in USD deposits, indicating a rational market response [8] - Investors are showing a cautious attitude towards USD deposit rate reductions, with many not fully committing their funds to USD deposits [8][9] - The demand for USD deposits is primarily driven by diversification needs or actual usage of USD rather than high interest rates [8] Group 3: Future Outlook - Analysts expect further reductions in USD deposit rates within the year, with predictions of additional cuts by the Federal Reserve in upcoming meetings [10] - Factors influencing the outlook include potential currency fluctuations, ongoing interest rate declines, and opportunity costs associated with alternative investment options [10]

Core 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 influence the dollar deposit rates offered by banks [1] Group 1 - Several banks in Beijing are still offering dollar deposit rates at or above 3%, despite the recent rate cut by the Federal Reserve [1] - Bank representatives indicated that a further reduction in deposit rates could occur soon, reflecting the anticipated impact of the Federal Reserve's decision [1]

9月18日，记者从南京银行（601009）客服处获悉，该行的个人美元存款产品"鑫汇添"已自9月13日起执 行新的定价。起存金额1万美元，3个月期、6个月期、1年期利率分别为2.5%、2.7%、3.0%。起存金额 20万美元，3个月期、6个月期、1年期利率分别为3.5%、3.7%、3.8%，而在此之前的利率分别为3.5%、 3.7%、4%。 恒丰银行客服告诉记者，该行今年6月份对美元存款利率进行过更新，目前，1万美元起存，2年期利率 为2.8%，1年期利率为3.3%，6个月期利率是2.9%，3个月期利率为2.8%。 北京时间9月18日凌晨，美联储宣布将联邦基金利率目标区间下调25个基点到4.00%至4.25%之间。这是 美联储今年以来的首次降息。 在我国商业银行制定个人美元定期存款利率的过程中，美国基准利率水平是关键考量因素之一。自2024 年以来，美元定期存款利率已经历多轮下调。 据《证券日报》记者梳理，当前，多家银行的1年期美元定期存款的利率暂时维持在"3字头"。 对于后续美元存款利率走势，中信证券首席经济学家明明对《证券日报》记者表示，在美联储此次降息 及未来可能的降息周期下，美元存款利率的走势继续下行的 ...

Group 1 - The Federal Reserve announced a 25 basis point cut in the federal funds rate target range to between 4.00% and 4.25%, marking its first rate cut of the year [1] - Domestic banks typically adjust their USD deposit rates in response to changes in the US benchmark interest rates, but the adjustments may not always be synchronous or uniform [1][3] - As of September 18, several banks are offering 1-year USD fixed deposit rates in the "3% range," with specific rates provided by various banks [2] Group 2 - The chief economist at CITIC Securities indicated a high probability of further declines in USD deposit rates due to the Fed's recent rate cut and potential future cuts [3] - The downward adjustment of USD deposit rates may lead to reduced interest income for depositors, prompting them to seek higher-yielding assets such as bonds or stocks [3] - Investors are advised to diversify their asset allocation in USD investments and closely monitor Fed policy changes and exchange rate fluctuations [3]