Flexible adjustment of deposit interest rate small and medium-sized banks are expected to follow suit

Xinhua News Agency, June 9, large state-owned banks recently cut the listing interest rates for demand deposits and some time deposits, attracting market attention. This is the second time since September last year, major national banks have cut the listing rate of some maturity varieties of deposits again in the light of changes in market interest rates and the supply and demand of deposits. Experts said that this is under the circumstances that lending rates have dropped significantly in recent years, and the real economy has achieved remarkable results in financial concessions. Commercial banks flexibly adjust deposit rates according to changes in market supply and demand and taking into account their own operating conditions. It will help banks to achieve sustainable and sound operation and better support the development of the real economy. Experts generally believe that after the deposit interest rate cut, it is expected to continue to bring demonstration effect, small and medium-sized banks are likely to follow up the adjustment. (China Securities News)