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The State Bank of Vietnam reports that in 2020 it kept the exchange rate stable and managed inflation during the COVID-19 pandemic. It cut operating interest rates three times, by a total of about 1.5 to 2 percentage points, and sold bonds to control liquidity.
A stable dong and low interest rates support Vietnamese livestock and feed demand. The effect on feed commodity prices is small and mostly indirect.
en.vdb.gov.vnJan 27, 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.
