Inter-bank interest rates last week slipped 0.83-1.03 percentage points against the previous week because of good liquidity, pushing Friday’s overnight rate to a three-month low of 2.97 per cent.

The one-week, two-week and one-month rates also dropped to 4.08 per cent, 3.3 per cent and 3.65 per cent per year, respectively.

With good liquidity in the inter-bank market, the central bank last week withdrew around VND2.57 trillion (US$112.71 million) via open market operations.

Good liquidity also had a positive impact on two bond auctions held last week. The State Treasury and the Bank for Social Policies successfully sold bonds worth around VND5.86 trillion and VNĐ800 billion, respectively, at lower yields than the previous auctions. — VNS