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Vietnam central bank to raise policy rates by 100 bps

Channel News Asia LogoChannel News Asia4 mo ago

Vietnam central bank to raise policy rates by 100 bps - Channel News Asia

Quick Summary:

HANOI : Vietnam's central bank announced on Thursday it would raise its policy rates by 100 basis points, in a rare monetary tightening move aimed at keeping inflation under 4 per cent this year.

Effective Friday, the refinancing rate will be raised to 5.0 per cent and the discount rate to 3.

The government has targeted inflation at below 4 per cent this year.


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Vietnam central bank to raise policy rates by 100 bps - Channel News Asia (Picture 1)Vietnam central bank to raise policy rates by 100 bps - Channel News Asia (Picture 2)

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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-22 @ 18:18:59 (4 months ago)

News Timezone: GMT +8:00

Ranking: #1871 (out of 3229 stories this day)

News Source URL: channelnewsasia.com

Language: English

Article Length: 434 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 470467

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 29 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 2 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

Publisher Details

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The story "Vietnam central bank to raise policy rates by 100 bps" was covered 4 months ago by Channel News Asia, a news publisher based in Singapore.

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Channel News Asia is a fully independent (privately-owned) news outlet established in 1999 that covers mostly economy and business news.

The outlet is headquartered in Singapore and publishes an average of 29 news stories per day.

It's most recent story was published 2 hours ago.

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  • News ID: #470467
  • URL: https://beamstart.com/news/vietnam-central-bank-to-raise-16638524548511

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