Is It Time For Banks To Cut Interest Rates?

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As the asset side continues to be squeezed, the net interest margin of banks in China is also decreasing. Although this year has seen several rounds of interest rate cuts in banks, the net interest margin is still under pressure. The performance of banks in China is being put to the test. On June 6, several major state-owned banks were reported to cut some deposit rates recently, with currencies involving RMB and U.S. dollars.