The interbank average interest rate on January 16 decreased in most terms from January 13, 2012, of which, 12-month term saw the strongest fall of 7.65% to stay at 13% per annum (p.a.), marking the lowest level in nearly two months, VietBiz24.com cited the State Bank of Vietnam (SBV)’s website. In particular, 12-month term posted [...]
The State Bank of Vietnam (SBV) is likely to trim down interest rate from 14% per annum to 13% p.a. in the first quarter and further reducing it to 9% p.a. by the end of this year. The State Bank of Vietnam (SBV) is likely to trim down interest rate from 14% per annum to [...]
The average interbank interest rate for 12-month term plunged to 13% per annum on January 16, down 7.65% from January 13, and also the lowest level since November 17, 2011, the central bank’s data showed. Interbank interest rates on January 16 fell for most terms. Specifically, the average rates declined from 0.23% p.a. to 0.93% [...]
Although inflation eased in the last months of 2011, it is still too early to loosen monetary policy immediately, ANZ said, emphasizing that interest rates should be kept unchanged until the end of the Tet holiday. The State Bank of Vietnam (SBV) should only gradually loosen monetary policies in 2012, ANZ suggested, saying that the [...]
High lending rates have dampened business performances in 2011. National Financial Supervisory Committee chairman Vu Viet Ngoan told VIR lending rates could plunge by four percentage points to 15-16 per cent per year in 2012 if inflation is at single digit growth. What are current lending rates? Lending rates are at around 20 per cent [...]
The average interbank interest rate for overnight term soared to 15.18% on Jan 10, the highest level since early April, 2010, up 1.59% from the previous day and rising 1.06% from the last trading day of last year. The average interbank interest rate for overnight term soared to 15.18% on Jan 10, the highest level [...]
The lending interest rates could be trimmed to 15-16 percent, 4 percent lower than the current figure, if the inflation rate is brought down to 9 percent in 2012, says a senior financial expert. If the Government’s anti-inflation measures continue to pay off, the lending interest rates could be even reduced to 13-14 percent/year, Vu [...]
The State Bank of Vietnam (SBV), the country’s central bank said it will maintain its interest rate cap between now and June this year. Talking with the press on January 11, SBV Governor Nguyen Van Binh said in the first quarter of the year, the central bank will supply money to credit institutions to increase [...]
At the end of the first quarter, when economic conditions become more stable, the State Bank of Vietnam (SBV) will consider trimming down interest rates. At the end of the first quarter, when economic conditions become more stable, the State Bank of Vietnam (SBV) will consider trimming down interest rates, said Nguyen Van Binh, Governor [...]
In 2012, in all likelihood the interest rates will fall to about 15-17% per year, the local newspaper Lao Dong cited Pham Hong Hai, Monetary and Capital Market Director of HSBC Vietnam as saying. According to Hai, the faster or slower decline in interest rates will depend on the health of the entire economy. If [...]
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