Lates News

Previously, First Financial reported that many banks were experiencing the phenomenon of "it's better to deposit for one year than two years" and "it's better to deposit for one year than five years." Now, with the wave of interest rate cuts on deposits, the interest rates for current and medium-term deposits have generally been lowered, with top institutions like China Merchants Bank leading the way in eliminating the inverted yield curve for one-year and five-year deposits. Currently, the phenomenon of inverted yield curves in medium and small banks still exists. Some industry insiders believe that as medium and small banks continue to lower their short and medium-term deposit rates, the inverted yield curve between short-term and long-term deposit rates may also decrease or disappear. It is worth noting that the intention of banks to encourage depositors to "deposit short-term" is still clear, as they reshape the deposit market landscape through refined pricing strategies in response to the pressure of narrowing net interest margins. (First Financial)