State Bank revises up interest rates by 1% from September 23
Fri, 23 Sep 2022 14:30:00 | Print | Email Share:
Governor of the State Bank of Vietnam Nguyen Thi Hong has issued decisions on revising up several interest rates by 1%, starting from September 23.
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| State Bank revises up interest rates by 1% from September 23. (Photo: VNA) |
Under the Decision No. 1606/QĐ-NHNN dated September 22, the refinancing interest rate will be set at 5% per year, rediscount at 3.5%, and overnight inter-banking lending rate at 6%.
Under another decision, the interest rate for non-term and one-month deposits in Vietnamse dong is capped at 0.5% annually while that for 1-6 month deposits is 5%.
Deposits of 1-6 months at people’s credit funds and micro-finance organisations will enjoy an annual interest rate of 5.5%.
By: VNA/ The World & Viet Nam
Source: https://en.baoquocte.vn/state-bank-revises-up-interest-rates-by-1-from-september-23-199276.html
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