Tag: control inflation

After more than two years of being “frozen”, the open market operations (OMO) channel was reopened by the State Bank of Vietnam (SBV) on June 21 with an offering of VND10 trillion ($430 million). This reveals that the central bank is ready to withdraw money from the market to support inflation control.

According to the Price Management Department at the Ministry of Finance, the unusually volatile petrol price is not the biggest obstacle in controlling inflation in 2022. Flexible coordination between monetary policy and fiscal policy is the first and foremost solution in controlling inflation.