Interbank deposit interest rate self-discipline management "patching", more than 10 trillion yuan in funds may face repricing.

According to information obtained from multiple banking industry insiders, recently some member banks have been required to strengthen their management of interbank current deposit rates while participating in meetings related to the market interest rate pricing self-discipline mechanism. According to the latest requirements, the proportion of interbank current deposits exceeding the policy rate of reverse repurchase agreements by 1.4% for more than 7 days should generally not exceed 10% to 20% at the end of each quarter. Industry insiders estimate that with further strengthening of self-discipline management, approximately 10 trillion yuan of interbank deposit rates may be affected and could face repricing. This round of self-discipline management upgrade is considered as a continuation and reinforcement of the measures related to the end of 2024, indicating that the policy rate system centered around open market operation rates is gradually strengthening its constraint on the pricing of bank liabilities.