According to Jin Shi data reports, with the arrival of the deposit interest rate cut wave, the interest rates for demand and short to medium-term deposits have generally been lowered. The inverted interest rates for one-year and five-year deposits at leading institutions like China Merchants Bank have disappeared, while the inversion at small and medium-sized banks still exists.
Industry insiders believe that as small and medium-sized banks continue to lower rates, the interest rates for short and medium-term deposits will be further compressed, potentially reducing or eliminating the inversion with long-term deposit rates. Banks are clearly guiding depositors to choose short-term deposits, responding to the pressure of narrowing net interest margins through refined pricing strategies, and reshaping the deposit market landscape.