Savers may initially be shielded from the full impact of those reductions, because commercial Banks are competing for retail deposits.
2
但本轮降息举措似乎是认为相对于中国的通胀，一年期存款利率4.14%的水平已经很低了。
But the move seems to recognize that at 4.14% for a one-year deposit, such rates are already low relative to China's inflation.
3
Fed的降息减少了投资者持有美元短期存款的收益，从而降低了投资者持有美元资产的兴趣。
The Fed's cuts reduced the return that investors receive on shorter-term dollar deposits, making the dollar a less-attractive currency in which to park cash.
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