# Vietnam Monetary Policy September 2022 - FocusEconomics

> 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.

- Date: 2022-09-22 · published 2022-09-22T12:00:00.000Z
- Category: policy · region Vietnam · magnitude medium
- Page: https://feedsoft.ai/events/39886-vietnam-monetary-policy-september-2022-focuseconomics
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

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.

## Read by commodity

- USDVND: bullish ▲

## Sources

- focus-economics.com: https://www.focus-economics.com/countries/vietnam/news/monetary-policy/central-bank-hikes-rates-for-the-first-time-since-2011/

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