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The State Bank of Vietnam relaxed monetary conditions after sharp dong declines, halting treasury bill issuance for the first time in many months. It cut the bill rate to 4.15% and injected a net VND9.1 trillion into the banking system.
The central bank also kept a 14-day open market operation facility at 4.25%.
Looser domestic liquidity and lower rates are aimed at stabilizing the dong, which supports the cost of dollar-denominated feed imports. The impact on commodity prices is limited.
e.vnexpress.netVNAAug 29, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
