# How will interest and exchange rates move after SBV’s new action?

> The State Bank of Vietnam cut several policy rates effective May 25, 2023, including the refinancing rate and the deposit ceiling for short-term maturities, each by 0.5 percentage points. Vietnam's CPI rose 2.4 percent year on year in May, the lowest in 14 months, as energy and fuel costs eased.

- Date: 2023-06-24 · published 2023-06-24T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/35792-how-will-interest-and-exchange-rates-move-after-sbv-s-new-action
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Lower domestic rates aim to support a slowing economy, which may modestly support livestock and feed demand over time. Effects on feed commodity prices are indirect and limited.

## Sources

- en.diendandoanhnghiep.vn: https://en.diendandoanhnghiep.vn/how-will-interest-and-exchange-rates-move-after-sbv-s-new-action-n37536.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.