SBV raises refinancing interest rate to 11 per cent
The Governor of State Bank of Vietnam (SBV) on February 17 issued Decision No. 271/QĐ-NHNN to raise the interest rate for refinancing to 11 per cent a year.
In addition, the interest rate for overnight loan in the inter-bank electronic payment and the rate of loans to finance the short balances in clearing transactions between the SBV and commercial banks is 11 per cent year.
The benchmark interest rate and rediscount rate remain unchanged at 9 per cent and 7 per cent, respectively.
The new decision takes effect on the same day.
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