According to Jinshi data reports, with the arrival of the deposit rate cut wave, the interest rates for demand and short to medium-term deposits have generally been lowered. The inverted yield on one-year and five-year deposits at leading institutions such as China Merchants Bank has disappeared, while the term inversion at small and medium-sized banks still exists.
Industry insiders believe that as small and medium-sized banks lower their rates, the interest rates for short to medium-term deposits will further decrease, and the inversion between short-term and long-term deposit rates may reduce or disappear. Banks are clearly guiding depositors to choose short-term deposits through refined pricing strategies to cope with the pressure of narrowing net interest margins, reshaping the deposit market structure.