Inter-bank rate has increased for the past three consecutive weeks, with the rate hitting a record high since after Tet (Lunar New Year), according to a report from the Bao Viet Securities Company.

In the week from March 20-24, the rate continuously inched up by 16-17 percentage points for all terms, the report showed.

With the rise, overnight rate reached 4.86 per cent per year. The rates for one-week and two-week loans were 4.92 per cent and 4.94 per cent, respectively.

During the week, the central bank made a net injection of VND3.31 trillion (US$145.99 million) via open market operation to support liquidity for the banking system.

It also did not issue T-bills for all terms in the week. — VNS