Interest Rates Drop Again: Get It Done by the End of the Month!
As we enter June, several major banks have cut their deposit interest rates.
The one-year and five-year lending rates have been reduced to 2.5% and 3%, respectively, with the longest period being only
As we enter June, several major banks have cut their deposit interest rates.
The one-year and five-year lending rates have been reduced to 2.5% and 3%, respectively, with the longest period being only 2.5%. Previously popular time deposits are now generally below 3%.
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This is not the first time. In the 1990s, when China was experiencing rapid economic growth and inflation, deposit interest rates soared to 10%.
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The trend of declining interest rates has been evident over the past three decades.
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