Monday, 27/09/2010 15:55

Base interest rate remains at 8% p.a.

The Governor of the State Bank of Vietnam (SBV) issued Decision No. 2281/QĐ-NHNN on September 27 on keeping the base interest rate unchanged at 8% p.a. The decision will take effect from October 1st, 2010. It is notable that the VND base interest rate has remained unchanged for the 11th consecutive month .

This Decision replaces Decision No.2024/QĐ-NHNN of the SBV Governor dated August 25, 2010 on the base interest rate.

On the same day, the SBV also issued Document No. 352/TB-NHNN to keep other interest rates unchanged as compared to the previous month. In particular:

- The refinancing interest rate is 8% p.a.,

- The discount rate is 6% 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 8% p.a.

Diem Hang

SBv

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