Tuesday, May 17, 2011

Vietnam Central Bank Hikes Reverse Repo Rate 100bps to 15.00%

The State Bank of Vietnam increased its reverse repurchase interest rate by 100 basis points to 15.00% from 14.00% previously.  The Bank left the refinance rate and discount rate unchanged at 14.00% and 13.00% respectively, after increasing the two interest rates 100bps in April.  Vietnam reported annual inflation of 17.51% in April this year after prices rose 3.32% from March, driven up by strong credit growth and rising food and energy prices.



Post a Comment