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The State Bank of Vietnam bought VND60 trillion ($2.63 billion) in foreign currency in the first three weeks of November, injecting dong into the economy. This pushed interbank lending rates down by 0.04 percentage points to 0.65%.
Deposit growth is expected to slow in 2021 compared with 2020.
Central bank dollar purchases and looser liquidity support the dong and domestic credit, but have little direct bearing on feed commodity prices.
hanoitimes.vnHanoitimesNov 23, 2021Not 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.
