On February 27th, several private banks, including Xishang Bank and Xin’an Bank, recently announced the reduction of their deposit interest rates. At present, it is difficult to find medium and long-term deposit products with interest rates starting with the third letter in the market. Yang Haiping, a researcher at the Shanghai Institute of Finance and Law, told reporters that the main consideration for private banks to lower deposit interest rates this round is to cope with the downward trend of asset side interest rates, reduce deposit interest costs, and gradually adjust the asset liability ratio model. In the next stage, small and medium-sized banks, including private banks, will actively enhance the refinement of deposit interest rate pricing and implement more flexible and professional asset liability allocation strategies. (Securities Daily)
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