Deposit interest rates down to record low
Rates hit their lowest for two decades.
Topic: deposit interest rate
Banks cut deposit interest rates by 0.2-0.5%
Reduction will help reduce lending rates and support businesses.
Interest rates on upwards trajectory
Bao Viet Securities (BVSC) noted that the 12-month deposit interest rate had increased again by the end of July, by 0.07 percentage points to 5.77 per cent per annum. Rates may rise again in August. Instead of an increase of 0.1 to 0.2 percentage points, some banks raised rates by between 0.1 and 0.6 percentage points compared to June.