Further interest rate cuts may disrupt Vietnam’s foreign exchange: IMF

Further interest rate cuts may disrupt Vietnam’s foreign exchange: IMF

The State Bank of Vietnam adopted easing monetary policy with interest rate cuts in early 2023 to stay ahead of challenges, but further interest cuts may disrupt the country’s foreign exchange dynamics, the International Monetary Fund (IMF) said.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Central bank to maintain 14% credit growth cap

Central bank to maintain 14% credit growth cap

The State Bank of Vietnam will maintain the banking system's credit growth cap for this year at 14% because lifting it would impact industry liquidity and interest rates, says its deputy governor.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7