The cost of reducing debt has increased, with banks suspending the sale of five-year fixed deposit products for five years.

Recently, a village bank in Inner Mongolia announced that it will cancel the five-year fixed-term deposits from November 5th. According to a journalist's investigation, it is relatively rare in the industry to stop selling five-year fixed-term deposits. Industry insiders stated that it has become a consensus in the industry to reduce the cost of liabilities by lowering deposit interest rates and removing high-cost deposit products. In the long term, banks need to coordinate efforts from both the asset and liability sides, implement comprehensive strategies, and explore effective paths to stabilize interest margins.