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The State Bank of Vietnam raised its refinancing rate from 4.00% to 5.00% on September 22, its first policy change since 2020 and first hike since 2011. The move followed Federal Reserve hikes and aimed to support the weakening dong and keep inflation under the 4% target.
Higher Vietnamese interest rates raise financing costs for feed mills and livestock producers, and are a response to currency pressure that keeps import costs elevated.
focus-economics.comBy: FocusEconomicsSep 22, 2022Not 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.
