SBV adjusts several interest rates applicable from March 8

On Mar. 8, the Governor of the State Bank of Vietnam (SBV) issued Decision No.379/QĐ-NHNN on adjustment of  several interest rates. In particular:

- The discount and refinancing interest rates are 12% 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 12% p.a.

This Decision takes effect from the date of signing. Decision No.271/QD – NHNN dated February 17, 2011 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 and Decision No.2620/QĐ-NHNN dated November 5, 2010 on  the discount interest rate cease to be effective.

Diem Hang

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