♊ Central bank supports liquidity for banking system
The State Bank of Vietnam (SBV) on September 17 reduced the interest rate on the open market operation (OMO) channel from 4.25% to 4% per year.
Keyword: "interbank interest rate"
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Central bank reduces intervention on OMO
The open market operations (OMO) have been more stable this month after the State Bank of Vietnam (SBV) reduced its intervention in the market.
🃏 Capital demand remains high after Lunar New Year holiday
The State Bank of Vietnam (SBV) has to continually inject money to support the liquidity of the banking system as the capital demand and interest rates on the interbank market have remained high though the Tet (Lunar New Year) holiday has ended.
ꦿ WB warns of shrinking production amid COVID-19 outbreak
Vietnam needs to pay special attention to promoting development of industrial production and retail as both sectors may continue to be affected by COVID-19 outbreaks, according to the World Bank (WB).