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Vietnamese interbank rates rose by 30-70 basis points in early March 2017, with overnight loans up to 4.22%, despite high bank liquidity. The State Bank of Vietnam has been injecting liquidity through open market operations, and the rise has helped stabilise the dong against the dollar.
Higher domestic interbank rates tighten dong funding costs, which can affect importers' costs for feed ingredients, but the effect on global feed prices is small.
vietnamnews.vnMar 13, 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.
