Combined with the Federal Reserve's interest rate hike, the central bank will raise the foreign exchange reserve ratio to 6% on November 15. A number of banks raised their US dollar fixed deposits again, and some products broke through 4%; the average US dollar financial management performance comparison benchmark reached 4.1% in October. Interest rates of foreign banks have risen markedly. The listed interest rates of major state-owned banks have remained around 2.8%, and term interest rates have also been inverted.

Combined with the Federal Reserve's interest rate hike, the central bank will raise the foreign exchange reserve ratio to 6% on November 15. A number of banks raised their US dollar fixed deposits again, and some products broke through 4%; the average US dollar financial management performance comparison benchmark reached 4.1% in October. Interest rates of foreign banks have risen markedly. The listed interest rates of major state-owned banks have remained around 2.8%, and term interest rates have also been inverted.