State Bank of Vietnam Leaves Key Rate Unchanged
April 29, 2009
Vietnam’s central bank as expected left its refinancing and discount rates unchanged at 7% and 5%, respectively. They were cut by 100 basis points earlier this month and are down from peaks in June-October of 15% and 13%. Aside from this month’s earlier reduction, the rates were cut by 100 basis points in October, by 200 basis points combined in two stages during November, by 250 bps combined in two stages during December, and by 150 bps in January.
Copyright 2009 Larry Greenberg.
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