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The State Bank of Vietnam cut its key refinancing rate by 50 basis points to 5.5%, effective April 3. UOB expects another 50 basis point cut before end-June and sees USD/VND moving toward 24,200 in Q2.
Lower Vietnamese rates and a weaker dong would matter for the cost of imported feed inputs, but the effect on global grain and oilseed prices is limited.
theinvestor.vnUOB analystsApr 4, 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.
