C.bank pumps 10tr dong on OMO on Sep 21

The State Bank of Vietnam (SBV) on September 21 injected 10 trillion dong on open market operations (OMO) for 14-day term with the interest rate of 14% per annum (p.a.), according to the data compiled by Reuters and calculated by the local online newspaper NDHMoney.
At the same time, the central bank also withdrew eight trillion dong, leading to a net injection on September 21 to two trillion dong.

In the first three sessions of this week, the central bank pumped 14 trillion dong on OMO and withdrew 10 trillion dong, leading a net injection of four trillion dong on OMO.

Last week, SBV posted a net withdrawal of over three trillion dong on OMO.

Since September 19, the lending term on OMO has been extended to 14 days after maintaining at 7-day term for a long time from January 30 to September 19, 2011.

Tags: Vietnam banking industry, Vietnam finance, Vietnam financial

Posted by VBN on Sep 22 2011. Filed under Banking-Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry