Titanium Media App October 17 news, from multiple sources, it was learned that starting from October 18, several major banks in several countries will once again lower the RMB deposit benchmark interest rates. This time, the reduction of deposit rates involves various categories such as demand deposits and time deposits. This is the second time after July that major banks have lowered deposit rates in less than three months, and it will also be the sixth time that major banks have proactively lowered deposit rates since September 2022. An employee from one major bank in the eastern provinces revealed that the bank will lower the demand deposit benchmark interest rate by 5bp to 0.1%, and the time deposit benchmark interest rate by 25bp. Another representative from a different major bank supplemented that the benchmark interest rates for major deadlines such as three-month, one-year, and three-year time deposit were all lowered by 25bp, and the seven-day notice deposit interest rate dropped by 25bp. Compared with the last round of rate cuts in July, this time the reduction in time deposit benchmark interest rates is greater, with the previous round having a reduction range of 10bp, 20bp depending on the term.