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CCB, CMB Lead in Announcing Deposit Rate Cuts Effective Today
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CCB (00939.HK) (601939.SH) and CM BANK (03968.HK) (600036.SH) announced that they will lower RMB deposit interest rates respectively, effective today (May 20). Among which, the demand deposit rate will be reduced by 5 bps to 0.05%; regular fixed deposits will see cuts as follows: three-month, six-month, one-year, and two-year terms will each decrease by 15 bps to 0.65%, 0.85%, 0.95%, and 1.05%, respectively; three-year and five-year terms will each drop by 25 bps to 1.25% and 1.3%, respectively. AAStocks Financial News |
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