[a number of village banks cut long-term limited deposit rates by 5-24BP] the banks that cut deposit rates continued to expand. Recently, a number of rural banks in many places have cut the interest rate on time deposits with partial maturity. A number of banks, including Huimin Village Bank in Daan, Jilin Province, announced that they would adjust the partial term deposit rate from today, while Inner Mongolia Wuhai Bank and others adjusted the relevant term deposit rate on May 31. From the perspective of the banks that have cut deposit interest rates recently, most of them are village banks and long-term time deposits, with a reduction of 5-24BP. A reporter from the Financial Associated Press found that in some of the recently adjusted village banks, some banks cut long-term time deposit interest rates for the first time this year. In the view of people in the industry, the reduction in deposit interest rates is the result of cost reduction by banks on the one hand and the self-discipline mechanism of market interest rates on the other.