# SBV cuts interest rates, goes against trend in rest of world

> 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.

- Date: 2023-03-17 · published 2023-03-17T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/37175-sbv-cuts-interest-rates-goes-against-trend-in-rest-of-world
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

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.

## Sources

- vietnamnet.vn: https://vietnamnet.vn/en/sbv-cuts-interest-rates-goes-against-trend-in-rest-of-world-2121493.html

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