Large state-owned banks collectively cut deposit interest rates, or trigger three "chain reactions" The decline in bank funding costs triggered by the reduction in deposit rates may open a window for further reductions in LPR. Small and medium-sized banks may follow suit, and different types of deposits may follow, according to analysts.
The impact of this round of deposit rate reduction is the pressure of narrowing the interest rate spread of commercial banks, says Gang.. Gang believes that after the deposit reduction, it may once again drive small and small banks to gradually follow the reduction.