# Vietnams Forex Reserves Increases By USD 4 Billion - InFocus Vietnam

> The State Bank of Vietnam has cut operating interest rates by 0.25 percentage points since the start of 2020 because of the Covid-19 epidemic. Lending rates to priority areas fell 0.5 points to 5.5 percent, and the central bank says it will consider further cuts if needed.

- Date: 2020-04-13 · published 2020-04-13T12:00:00.000Z
- Category: policy · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/53919-vietnams-forex-reserves-increases-by-usd-4-billion-infocus-vietnam
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Monetary easing in Vietnam supports domestic credit and the dong, but it has no direct effect on feed commodity supply or demand.

## Sources

- infocusvietnam.com: https://www.infocusvietnam.com/banking/vietnam-s-forex-reserves-increases-by-usd-4-billion

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