Analysts: It is expected that the deposit Intrerest rate may be cut again next year

Sina Financial News This round of bank deposit Intrerest rate cuts is the third concentrated reduction in 2023. This time, large state-owned banks and joint-stock banks generally lowered the listed Intrerest Rate of fixed deposits with a tenor of one year or less by 10BP, the listed Intrerest Rate of two-year fixed deposits by 20BP, and the listed Intrerest Rates of three-year and five-year fixed deposits by 25BP. However, on December 26, the reporter inquired about the official information of a number of urban commercial banks and rural commercial banks and found that urban commercial banks and rural commercial banks are still “unmoved” and have not followed the “interest rate cut”. In this regard, analysts interviewed by reporters believe that it is expected that urban commercial banks and rural commercial banks will also follow up to reduce deposit intrerest rates. In the future, the LPR will still be lowered to a certain extent, and the deposit Intrerest Rate will still have some room for reduction. Many analysts expect that the current domestic economy has not yet recovered to the potential level, there are some imbalances in economic recovery, overseas demand is rising uncertainly, domestic counter-cyclical and cross-cyclical adjustment will be moderately increased, and LPR will still be lowered to a certain extent in the future. Many analysts expect that the current domestic economy has not yet recovered to the potential level, there are some imbalances in economic recovery, overseas demand is rising uncertainly, domestic counter-cyclical and cross-cyclical adjustment will be moderately increased, and LPR will still be lowered to a certain extent in the future. After the reform of deposit Intrerest Rate, the adjustment of deposit Intrerest Rate mainly refers to the 10-year treasury bond Intrerest Rate and the 1-year LPR Intrerest Rate, and also needs to consider the institution’s own operation, market supply and demand, etc. “The room for deposit Intrerest Rate reduction depends on the pricing trend of the entire asset side of the bank in the next stage, and if the pricing of the asset side continues to be under significant pressure, there is still some room for deposit Intrerest Rate to be reduced.” However, judging from the current situation, it is expected that the deposit Intrerest rate may be cut again next year. Wang Yifeng, chief analyst of the financial industry of Everbright Securities, said.