Multiple small and medium-sized banks have lowered their deposit rates.

According to the China Securities Journal, recently, many small and medium-sized banks, including WeBank, Fujian Huatong Bank, and Shanghai Huarui Bank, have lowered their deposit interest rates. At the same time, some banks have also lowered the interest rates on their specialty deposit products. After these adjustments, some banks are experiencing a phenomenon of "inverted" deposit interest rates. Experts believe that with the implementation of reserve requirement cuts and interest rate reductions, it is expected that deposit interest rates will start a new round of downward adjustments.