Economic Daily Jin Guanping: Coping with narrowing interest rate spreads requires two-way efforts

Jinshi data, July 12 news, the article pointed out that in the environment of narrowing interest spread, banks have to tighten their belts and reduce the cost of high-cost deposits. However, it should be noted that simply reducing the cost of liabilities cannot effectively make up for the gap caused by the narrowing of interest spread. On the one hand, control the cost of liabilities. Deposits are the major part of bank liabilities. Against the background of the downward trend of Interest Rate on deposits, the banking industry should timely grasp the relationship between scale, pricing, and efficiency, and optimize it in a timely manner. On the other hand, dig deep into the financing needs of different industries and fields, provide more accurate and convenient loan support, supplement quantity with price, and relieve the pressure of Interest Spread.

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