In June, small and medium-sized banks ushered in a new round of interest rate cuts. It is reported that many local small and medium-sized banks such as Lanzhou Rural Commercial Bank, Bank of Gansu, and Chenghai Rural Commercial Bank in Guangdong have adjusted their deposit interest rates. Among them, many banks have also adjusted the interest rates of short-term deposit products in addition to adjusting the interest rates of medium and long-term deposits such as 3-year and 5-year periods. The average deposit interest rate reduction is between 10bp and 40bp. (China Fund News)
中小银行迎来新一轮“降息”
Small and medium-sized banks welcome a new round of interest rate cuts.
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