HANOI :Borrowing in Vietnam's high-risk sectors remained under control, while credit growth was less than expected despite banks' abundant liquidity, a deputy governor of the central bank said on Wednesday.
The refinance rate was cut to 4.5 per cent, the discount rate to 3.0 per cent and the electronic interbank rate to 5.0 per cent - they were all reduced by 50 basis points . Inflation remains under 4 per cent and the SBV continues to buy foreign currency to strengthen its own reserves, he added, without elaborating.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Vietnam credit in high-risk sectors under control - central bankHANOI : Borrowing in Vietnam's high-risk sectors remains under control, deputy governor of the central bank, Dao Minh Tu, said on Wednesday.Credit growth, which as of June 15 was seen at 3.36 per cent against the end of 2022, is not as high as expected and increasing it remains a main goal, Tu said.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
At BOJ's April meeting, one member flagged tweak to YCC conduct - minutesBank of Japan (BOJ) board members agreed to keep ultra-low interest rates at Governor Kazuo Ueda's debut meeting in April, but one member said it could consider revising the conduct of yield curve control, minutes of the meeting showed on Wednesday.'One member pointed out that there were many market views
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »