# Rise in inter-bank interest rates dismissed as seasonal

> 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.

- Date: 2017-03-13 · published 2017-03-13T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/72288-rise-in-inter-bank-interest-rates-dismissed-as-seasonal
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

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.

## Sources

- vietnamnews.vn: https://vietnamnews.vn/economy/372709/rise-in-inter-bank-interest-rates-dismissed-as-seasonal.html

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