Vietnam Bank News

Vietnam Bank Directory

Trade BTCUSD, Bitcoin and Cryptocurrencies

BUY & SELL BTCUSD | View BTCUSD News & Updates


Buy Sell BTCUSD, Bitcoin and Cryptocurrencies

Banking News & Financial Services News
Get the latest banking news headlines from Vietnammarkets.com. Find in-depth Vietnam coverage from banking, investing, financial, stock market, and more abou Vietnam banking system, bank for industry and trade, Vietnam banking sector.

Central bank won’t change rates on inflation   2008-04-27 - TBKTSG

 
The central bank will not change the benchmark interest rate on inflation as its short-term credit measures have been effective.  
Vietnam’s central bank will not change the benchmark interest rate because month-on-month increases in inflation show recent policy measures have been effective, according to Governor Nguyen Van Giau.

 

 

Consumer prices in the Southeast Asian nation surged 21.4 percent this month from April 2007, the most since at least 1992, according to figures released Friday by the General Statistics Office in Hanoi.

From a month earlier, prices rose 2.2 percent, compared with gains of 3 percent in March from February.

“We are fine with this month’s inflation since we care more about month-on-month prices, and on a monthly basis you can see that inflation has slowed down and showed that the central bank’s short-term measures have been effective,’’ Giau said Friday

“So we will keep the base rate at its current level of 8.75 percent.’’

The State Bank of Vietnam has raised interest rates, increased bank reserves and sold compulsory bills this year in a bid to slow money-supply growth and combat inflation.


Other Banking News

ANZ CEO sees changes in Vietnam’s future   2008-04-19

Vietnam central bank tells ACB to slow 2008 lending   2008-04-18

Banks see strong results despite tough policies, interest rate wars   2008-04-16

Citigroup hires new head of Vietnam investment banking   2008-04-14

Bank Directory

Tight credit causes liquidity issues for banks   2008-04-08

Inter-bank lending rate jumps   2008-04-04

Cheaper dollar not a boon as expected   2008-04-04

State Bank to buy up foreign currency   2008-03-26

PM kicks off UK tour with $1 billion in deals   2008-03-05

IFC gives Sacombank more funds for home loans   2008-02-27

Vietnam central bank calls for savings rate cap   2008-02-27

Banks dangle higher deposit interest rates, but at a cost   2008-02-21

Banks mired in deposit interest rate war   2008-02-16

Sacombank says January profit soared 157 percent   2008-02-16