SBV adjusts several interest rates applicable from Feb 17

Today, the Governor of the State Bank of Vietnam (SBV) issued Decision No. 271/QĐ-NHNN on adjustment of  several interest rates. In particular:

- The refinancing interest rate is 11% p.a.,

- 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 11% p.a.

This Decision takes effect from the date of signing. Decision No. 2620/QĐ-NHNN dated November 5, 2010 on the refinancing interest rate 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 ceases to be effective.

Diem Hang

sbv

>   Expert: Exchange rate adjustment will not have big impacts on inflation (17/02/2011)

>   Overly high interest rates freeze credit (16/02/2011)

>   Gold sets all-time fresh record, dollar edges up (21/02/2011)

>   Monthly information on banking activities (January, 2011) (16/02/2011)

>   Gold, dollar prices rise strongly (16/02/2011)

>   SBV Governor presents guidance on exchange rate management regime (16/02/2011)

>   Vietnam loan growth slows as dong lending slips (16/02/2011)

>   Banks demand ‘fees’ to sell dollars (15/02/2011)

>   Vietnam edges dong higher after major devaluation (15/02/2011)

>   Central bank vows measures against cap breach (15/02/2011)