Interbank deposit certificates and interest rate cuts complement each other. The purpose of the central bank's interest rate cut is to make cash more abundant and release cash liquidity. Interbank certificates of deposit will also lower interest rates as the central bank cuts interest rates, which is one aspect of releasing liquidity. As one of the liquidity management tools, interbank deposit certificates are affected by the tightening of liquidity, and the interest rate rises accordingly; On the other hand, the central bank cut interest rates, and the interest rate of interbank deposit certificates decreased, releasing liquidity, which was beneficial to the turnover of bank deposits.