The State Bank of Vietnam last week cut its policy rates for the third time this year to prop up economic growth. Accordingly, the bank cut its refinance rates from 5.5 to 5.0 per cent and its overnight electronic interbank rate from 6.0...
The move, effective from Thursday, is the SVB''s third round of rate cuts since early 2023 when it became one of the few central banks to take an expansionary stance to support economic growth.
