“The State Bank of Vietnam (SBV) may find it difficult to reduce the policy interest rate in 2024 as it must consider many factors related to economic growth and inflation, experts believe.
SBV Deputy Governor Đào Minh Tú has said the SBV has so far left open any policy interest rate decision. It hasn’t so far decided whether to maintain the interest rate, as currently, or reduce it to support the economy.
Meanwhile, despite the US Federal Reserve (Fed)’s interest rate cut, Singapore-based United Overseas Bank (UOB)’s analysts continue to expect the central bank to maintain its key policy rates for the rest of 2024, with an eye on potential price pressure risks.” – Viet Nam News
Source: Policy Interest Rate Forecast To Remain Unchanged In 2024 (vietnamnews.vn)
Policy Interest Rate Forecast To Remain Unchanged In 2024
