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Vietnam’s central bank to cut refinance rate, lower cap on deposit rates

april 01, 2023by Reacties uitgeschakeld voor Vietnam’s central bank to cut refinance rate, lower cap on deposit rates

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HANOI, April 1 (Xinhua) — The State Bank of Vietnam on Friday said it would cut the refinancing rate by 50 basis points to 5.5 percent from Monday in the latest policy move to support economic growth.

The discount rate will be kept unchanged at 3.5 percent and the overnight lending rate in the inter-bank market will remain at 6 percent, the central bank said in a statement on its website.

After the relea

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