Vietnam cenbank raises coverage charges by 100 bps By Stocksak

© Stocksak. Individuals go previous the State Financial institution constructing, close to the places of work of Vietcombank and the Financial institution for Funding and Improvement of Vietnam, in central Hanoi, Vietnam November 23, 2017. REUTERS/Kham

HANOI (Stocksak) – Vietnam’s central financial institution on Monday mentioned it could increase its coverage charges by 100 foundation factors, the second enhance in a month, in an effort to move off inflation dangers.

The refinancing fee can be raised to six.0% and the low cost fee to 4.5%, the State Financial institution of Vietnam (SBV) mentioned in an announcement. It additionally mentioned it could increase the cap on dong deposit charges at business banks to 50 bps to 100 bps relying on maturities.

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