The State Bank of Vietnam (SBV) will continually issue new bills to withdraw cash from the banking system in the context that liquidity is abundant and interbank interest rates remain low, analysts forecast.
The State Bank of Vietnam (SBV) has net withdrawn VND57.6 trillion through open market operation (OMO) and foreign currency selling channels to maintain the liquidity of the banking system at a sufficient level and indirect impacts on the interbank interest...
After significant increase in the past few weeks, interbank interest rates are forecast to stabilise again in the second half of May and then decrease slightly at the end of the second quarter of 2021.