The Central Bank reported on Friday a lowered interest rate on new certificates of deposit issued by the institution. This is the second time the bank has reduced the yield that once had climbed to 60%. New issuances at 30-day terms will now earn 40% interest, down from a previous 45%. The new rate applies to the new certificates and all renewals. The CB explained that those already issued will continue to reap the originally agreed-upon rates until their expiration. Those certificates not redeemed upon expiration will be automatically renewed at the new rates. The Central Bank justified the reduction in the interest rate on the grounds that the exchange rate and inflation have declined.