Vietnam central bank to cut rates by 0.25 percentage points
[HANOI] Vietnam's central bank said on Friday it would cut several interest rates to support economic growth and control inflation.
The annual refinancing rate, rediscount rate, overnight electronic interbank rate, and rate of loans to offset capital shortage in clearance between the central bank and domestic banks, would be cut by 0.25 percentage points each from Sept 16, the State Bank of Vietnam (SBV) said in a statement.
The rate cuts are the first by the SBV since October 2017.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Britain’s mansion tax shows the difficulty of targeting wealth
Once staunchly pro-China, Malaysian Chinese businesses are now distancing themselves from Beijing
The only common thing in S-E Asia is that we all eat rice: Cisco’s Asean president
Singapore data centre operator DayOne opts for US IPO at likely US$20 billion valuation
