# Proactive, flexible and prudent in operating monetary policy

> 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.

- Date: 2021-01-27 · published 2021-01-27T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/49455-proactive-flexible-and-prudent-in-operating-monetary-policy
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A stable dong and low interest rates support Vietnamese livestock and feed demand. The effect on feed commodity prices is small and mostly indirect.

## Sources

- en.vdb.gov.vn: https://en.vdb.gov.vn/news10283/proactive,-flexible-and-prudent-in-operating-monetary-policy

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