[interbank certificates of deposit "fell in volume and price" in May: the interest rate dropped to 2.4% for the third month in a row. FAP, June 1, since May, the issuing scale and interest rate of interbank certificates of deposit have dropped further. Industry analysts said that the main driving factors behind the "fall in volume and price" of inter-bank certificates of deposit are the lack of supply of certificates of deposit and the strengthening of institutional allocation. Considering that the pace of subsequent credit issuance may slow down and the pressure on the debt side of commercial banks is reduced, the interbank certificate of deposit interest rate is still likely to decline further, but due to factors such as the increase in the scale of the period, the downside space is expected to be limited. While the issuance of inter-bank certificates of deposit has fallen, the interest rate on inter-bank certificates of deposit has continued to decline to 2.4 per cent since May, reaching a lower level. The interbank certificate of deposit rate has continued to rise since the beginning of the year, but it has shown an overall downward trend after the cross-quarter in March. The weighted average interest rate on inter-bank certificates of deposit was 2.65 per cent and 2.56 per cent in March and April, according to Wind, and fell further to 2.4 per cent in May, down from 2.45 per cent in January and 2.58 per cent in February. (Securities Daily)