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A lecturer at the Fulbright School said the State Bank of Vietnam may ease monetary policy further if inflation stays below 4.5% through May. Inflation fell from 4.9% in January to 4.3% in February.
The central bank has been buying foreign currency to rebuild reserves after selling about $27 billion late last year.
Further easing would lower domestic borrowing costs for feed and livestock producers. Central bank reserve purchases support the dong, which limits the cost of dollar-priced feed imports.
theinvestor.vnDinh Vu, Huong DungMar 27, 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.
