The Thai central bank's Monetary Policy Committee voted 6-1 to reduce the one-day repurchase rate to 2% to address clearer downside risks to the economy.

The Bank of Thailand (BoT) on October 16 unexpectedly cut its key interest rate for the first time in four years, in reply to an appeal by the government to revive a sluggish economy with inflation below target.

As many as 17 banks in Vietnam have announced programmes to support their customers who were affected by Typhoon Yagi.

The potential reduction in interest rates by the Fed is expected to open up favourable investment opportunities in Vietnamese stocks, particularly in key sectors such as banking, import-export, retail, materials, industrial parks, technology and businesses with high dividend yields.

Amidst economic recovery, with the likelihood of interest rate cuts diminishing, Singapore-headquartered United Overseas Bank (UOB) believes that the State Bank of Vietnam will maintain its refinance rate at the current 4.50%.

The fourth cut in a row of regulatory interest rates by the State Bank of Vietnam (SBV) has provided an opportunity for commercial banks to reduce interest rates, thus attracting borrowers.

The State Bank of Vietnam (SBV) has decided to reduce the regulatory interest rate by 0.3%-0.5% for the second time in less than a month. This is a positive signal for commercial banks to further reduce deposit rates and lending rates.

It is possible to keep the inflation under 4 percent this year but inflationary pressure is expected to be great next year, Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong told the National Assembly’s Q&A session on November 12.

Interest rate cuts by the State Bank of Vietnam (SBV) and cost savings among credit institutions will pave the way for sustainable lending rate reductions, thus easing difficulties faced by businesses.

The State Bank of Vietnam (SBV) will cut its policy rates starting from March 17 in an attempt to support the economy which has been hurt by the COVID-19 outbreak.

With a positive macroeconomic background at the moment, interest rates will basically stay steady until the end of the year due to excessive liquidity and proper credit growth, according to an official from the State Bank of Vietnam (SBV).

The State Bank of Vietnam (SBV)’s reference interest rate cut will allow credit institutions to access capital from central bank at a lower cost and stablise their own rates.

The State Bank of Vietnam (SBV) late last week announced its first interest rate cut in the open market operation (OMO) in the past five years.