Interest rates on dollar deposits had been climbing steadily this year and had been at a high of more than 5% for a long time. At present, the first to reduce US dollar deposits is still the state-owned banks.
Some insiders believe that this reduction is similar to last year's rhythm, after which small and medium-sized banks may also join the US dollar deposit interest rate reduction army. It is worth noting that when the large banks lowered the interest rate on commercial deposits, many city banks and joint-stock banks are still "standing"