# BUSINESS BEAT

> The State Bank of Vietnam cut its benchmark interest rate by half a percentage point on August 1, its third cut this year. Commercial banks followed by lowering deposit and lending rates, while credit growth remained modest.

- Date: 2020-08-30 · published 2020-08-30T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/51915-business-beat
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Monetary easing in Vietnam supports domestic livestock and feed demand over time, but the effect on feed commodity prices is limited in the near term.

## Sources

- vietnamnews.vn: https://vietnamnews.vn/economy/771822/business-beat.html

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