Loading…
The State Bank of Vietnam cut its rediscount rate from 4.5% to 3.5% and cut other policy rates by about 1 percentage point, against expectations of a hike. The move came while the US Fed was expected to keep raising rates.
Other Asian central banks had generally been tightening.
Lower domestic rates reduce financing costs for Vietnamese feed producers and livestock farms. The dong may face some pressure from the widening rate gap with the US.
vietnamnet.vnMar 17, 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.
