Interbank Deposit Rate Self-Discipline Management "Patches" Over 10 Trillion Yuan in Funds May Face Repricing

MetaMuskRat · 2026-03-17T01:51:37+00:00

Recently, some banks have been required to strengthen management of interbank demand deposit rates, with the proportion of interbank deposits with rates exceeding the 7-day reverse repurchase rate by 1.4% not to exceed 10% to 20%. Approximately 10 trillion yuan in deposit rates will be affected. This upgrade in self-regulatory management has strengthened the constraint of policy rates on banks' liability-side pricing.

MetaMuskRat

2026-03-17 01:51:37

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People’s Financial News, March 17 — According to multiple banking industry insiders, recently some member banks have been asked to strengthen the management of interbank demand deposit rates during meetings related to the market interest rate pricing self-discipline mechanism. According to the latest requirements, the scale of interbank demand deposits with a policy rate higher than the 7-day reverse repurchase (OMO) rate by 1.4% should generally not exceed 10% to 20% of total at the end of the quarter. Industry experts estimate that as self-discipline management is further strengthened, approximately 10 trillion yuan of bank interbank deposits’ interest rates could be affected or face re-pricing. This round of self-discipline management upgrade is seen as a continuation and reinforcement of measures related to the end of 2024, also indicating that the policy interest rate system centered on open market operations is gradually increasing its influence on the pricing of bank liabilities. (Shanghai Securities News)

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