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July 10, 2022 | 11:03

Interbank VND interest rate still falling

Recent withdrawals by the State Bank of Vietnam (SBV) have been unprecedented. In just a short period of time, on the open market channel alone, the SBV has net withdrawn more than VND160 trillion ($6.85 billion). However, the VND interbank interest rate still fell sharply because credit growth slowed, making system liquidity redundant.

Interbank VND interest rate still falling
Photo: Illustration

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The original article is written and published on VnEconomy in Vietnamese, then translated into English by Askonomy – an AI platform developed by Vietnam Economic Times/VnEconomy – and published on En-VnEconomy. To read the full article, please use the Google Translate tool below to translate the content into your preferred language.
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