State bank lifts refinancing rate to 12 pct
The State Bank of Vietnam (SBV) on March 8 raised refinancing and discount rates to 12 per cent per year.
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The SBV also lifted the overnight rate in inter-bank electronic payments and the rate of loans to finance short balances in clearing transactions between SBV and commercial banks to 12 per cent, from 11 per cent per year.
It was the first time the discount rate had been adjusted this year, up 5 per cent compared with last year.
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