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The State Bank of Vietnam cut its benchmark refinancing and rediscount rates by 0.25 percentage points and lowered the interest rate cap for loans to five priority sectors by 0.5 points. Many economists argued the cuts do not signal a loosening of monetary policy.
They said the moves mainly aim to speed up bad debt settlement and reflect a focus on inflation and the exchange rate.
The cuts are unlikely to change Vietnamese demand for feed ingredients in a meaningful way. Their main relevance is to the dong and domestic credit conditions.
vietnamnews.vnJul 31, 2017Not 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.
