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The State Bank of Vietnam cut its key rates by 50 basis points, lowering the electronic interbank rate to 5 percent, the refinance rate to 4.5 percent and the discount rate to 3 percent. The changes took effect June 19 after the government called for measures to support businesses and growth.
Cheaper credit may support Vietnamese livestock and feed producers' borrowing, but the effect on global feed commodity prices is small. It is a domestic monetary move.
centralbanking.comCentral Banking NewsdeskJun 19, 2023Not 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.
