A number of small and medium-sized banks announced cuts in deposit rates in early September

September 5th news, recently, a number of small and medium-sized banks announced to cut deposit interest rates. The reporter found that Yuanyang Rural Commercial Bank, Xinyang Zhujiang Village Bank, Tianzhen Hedong Village Bank, Qinzhou Qinnan National Village Bank and other small and medium-sized banks issued announcements saying that they will cut deposit interest rates in early September, with an adjustment range of 5 to 30 basis points. From the end of July, the state-owned banks launched a new round of "interest rate cuts", to now the small and medium-sized banks cut deposit interest rates, but more than a month. According to historical information, in the past, it often took several months or even more than half a year for the state-owned banks to announce interest rate cuts, to the joint-stock banks to follow up, and then to the small and medium-sized banks to follow the interest rate cuts. " The current round of "interest rate cuts" in the banking industry extends from large banks to joint-stock banks to small and medium-sized banks, which is obviously faster than in the past. The root cause is the high pressure on net interest margins that banks are currently facing. "Lou Feipeng, a researcher at Postal Savings Bank of China, said that if there is a collective deposit interest rate cut in the future, small and medium-sized banks may respond faster in the future.