# Vietnam’s central bank likely to further cut rates: UOB

> 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.

- Date: 2023-04-04 · published 2023-04-04T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/36700-vietnam-s-central-bank-likely-to-further-cut-rates-uob
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

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.

## Read by commodity

- USDVND: bullish ▲

## Sources

- theinvestor.vn: https://theinvestor.vn/vietnams-central-bank-likely-to-further-cut-rates-uob-d4394.html

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