On November 30, the National Market Interest Rate Pricing Self-discipline Mechanism recently issued the "Proposal on Introducing" Interest Rate Adjustment Miscellaneous Provisions "in Deposit Service Agreements, requiring banks to include" interest rate adjustment miscellaneous provisions "in deposit service agreements signed with customers, effective from December 1, 2024. There is a misreading of this clause in the market, that is, if the deposit listing interest rate is reduced, then the prev...
On July 25th, the official website of Agricultural Bank of China showed that the Agricultural Bank of China lowered the RMB deposit interest rate on July 25th, among which the fixed deposit and take-up three months, half-year and one-year interest rates were reduced by 10 basis points, respectively 1.05%, 1.25%, 1.35%; two-year, three-year and five-year interest rates were reduced by 20 basis points to 1.45%, 1.75% and 1.80%. Zero deposit and take-up, zero deposit and take-out interest rates wer...