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Vietnamese banks forecast to continue race to lower deposit interest rates

oktober 10, 2023by Reacties uitgeschakeld voor Vietnamese banks forecast to continue race to lower deposit interest rates

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HANOI, Oct. 10 (Xinhua) — The race to lower deposit interest rates among Vietnam’s banks is expected to continue until the end of 2023, Vietnam News reported Tuesday, citing analysts.

They attributed it to sluggish credit growth, challenges that lending continues to face, and loose monetary policy, leading to a surplus of liquidity.

Banks have been steadily reducing deposit interest rates since April, an

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