Friday, April 29, 2011

Vietnam Central Bank Raises Rates 100bps

The State Bank of Vietnam increased the refinancing rate 100 basis points to 14.00% from 13.00% previously.  The Bank also raised the discount rate 100 basis points to 13.00% from 12.00%, and held the repurchase rate unchanged at 13.00% and the benchmark rate also unchanged at 9.00%.  Vietnam reported annual inflation of 17.51% in April, while annual GDP growth in the March quarter was 5.43%, compared to 7.34% in the previous quarter.


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