Base interest rate remains unchanged at 7% p.a.

The Governor of the State Bank of Vietnam (SBV) on June 30 issued Decision No. 1539/QĐ-NHNN on remaining the base interest rate unchanged at 7% p.a. The decision will take effect from July 1st.

On the same day, the SBV also announced several interest rates which are applicable from July 1st as follows:

- The refinancing interest rate is 7% p.a.,

- The discount rate is 5% p.a., and

- The overnight rate in the inter-bank electronic payment and the rate of loans to finance short balances in clearing transactions between SBV and commercial banks is 7% p.a.

sbv

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