Financials Jun 21, 2021 12:53 PM (GMT+8) · EqualOcean
Today, the self-discipline mechanism of market interest rate pricing optimizes the way to determine the self-discipline upper limit of deposit interest rate, changing the self-discipline upper limit of deposit interest rate originally formed by a certain multiple of deposit benchmark interest rate to a certain base point on the basis of deposit benchmark interest rate. After the implementation of the new scheme, financial institutions do not need to significantly adjust the deposit interest rates of all maturities, and the proportion of deposits more than one year is also small. Generally speaking, it has little impact on financial institutions and depositors. At the same time, the new scheme eliminates the leverage effect, and the interest rate gap between long-term and short-term deposits will be narrowed, which is conducive to guiding bank deposits to return to a reasonable term structure.

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