# State Bank of Vietnam cuts interest rates - Central Banking

> 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.

- Date: 2023-06-19 · published 2023-06-19T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/35794-state-bank-of-vietnam-cuts-interest-rates-central-banking
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

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.

## Sources

- centralbanking.com: https://www.centralbanking.com/central-banks/monetary-policy/monetary-policy-decisions/7959056/state-bank-of-vietnam-cuts-interest-rates

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