Removing the cap on deposit rates would support household income and consumption as well as efficiency (by raising the cost of capital).

取消存款利率上限也有利于支持居民收入和消费以及效率提高（通过提高资本成本）。

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It's also is widely seen as a first step toward letting Banks compete on deposit rates, rather than the current practice in which the government sets it.

建立存款保险制度也被普遍视为放开银行存款利率限制的第一步。

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On balance, low deposit rates encourage people to withdraw money from Banks and spend more.

总而言之，较低的存款利率会鼓励人们从银行提取存款，增加开支。

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The government continues to set a ceiling on deposit rates and a floor on lending rates.

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The government currently sets a floor on lending rates and a ceiling on deposit rates, allowing banks to easily profit from the gap between the two, but hurting Chinese savers.

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Simultaneously, the ceiling on bank deposit rates was raised to 1.1x from 1.0x the benchmark rate, and the floor for lending rates was lowered to 0.8x from 0.9x.

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