Some banking members participate in the market interest rate pricing self-regulation mechanism meeting and are required to strengthen self-regulation management of interbank deposit rates.

Reporters learned from multiple banking insiders that recently some member banks attended the Market Interest Rate Pricing Self-Discipline Mechanism meeting and were asked to strengthen self-regulatory management. The proportion of interbank demand deposits that exceed the 7-day reverse repo OMO policy rate (1.4%) in the quarter-end balance is not more than 10%-20%. Industry insiders expect that interbank deposits of more than 100 trillion yuan may see a rate cut. (China Finance Network)

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