© Reuters. People go past the State Bank building, near the offices of Vietcombank and the Bank for Investment and Development of Vietnam, in central Hanoi, Vietnam November 23, 2017. REUTERS/Kham
HANOI (Reuters) – Vietnam’s central bank on Monday said it would raise its policy rates by 100 basis points, the second increase in a month, in an effort to head off inflation risks.
The refinancing rate will be raised to 6.0% and the discount rate to 4.5%, the State Bank of Vietnam (SBV) said in a statement. It also said it would raise the cap on dong deposit rates at commercial banks to 50 bps to 100 bps depending on maturities.
by : Reuters
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