Agricultural Bank of China cuts deposit rates, breaking 2% for five-year fixed terms

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 were reduced by 10 basis points, and the deposit listing interest rate was reduced by 10 basis points.