According to ChainCatcher, the six major state-owned banks - Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Postal Savings Bank of China, and Bank of Communications - have all announced today a reduction in RMB deposit interest rates for multiple terms, with three-year and five-year terms both lowered by 25 basis points to 1.25% and 1.3% respectively.
The six state-owned banks have officially announced a reduction in deposit interest rates
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