WeBank Raises 3-Year Deposit Rate to 1.75%, 15bps Hike

The notable detail is the inverted curve: a 5-year deposit paying less than a 3-year signals these banks are pricing in expectations of lower long-run rates rather than competing for duration. Selective hikes at private banks look more like targeted funding grabs than a broad tightening in deposit costs, since the same institutions are not lifting the long end. Whether this selectivity spreads to larger banks, or stays confined to private lenders managing liquidity, is the open question worth tracking.