Interest rates have been cut! They've been cut again! Brothers, this time the cut is on deposit interest rates. Money in the bank, interest rates are going down again!

The 1-year interest rate has been lowered from 0.95% to 0.6%; the 2-year interest rate from 1.05% to 0.7%; the 3-year interest rate from 1.25% to 0.9%.
The 5-year fixed deposit has been discontinued altogether.
The central bank's intention is very clear: tell everyone not to save money, but to spend it—buy a house, invest in stocks, don’t keep money in the bank, as the interest is no longer attractive.
Lowering deposit interest rates also creates room to lower loan interest rates; as soon as the US cuts rates, we can follow immediately.
In fact, before the US cuts rates, we might even cut first, since the RMB is appreciating now and there’s no pressure to defend the currency.
A flood is coming, and money will lose value. It’s time to convert cash into assets.
Stocks or houses, which asset would you choose? Brothers, come to the comments and share your thoughts. #Gate上线Pre-IPOs