State Bank continues to keep base rate at 8 percent

The State Bank of Vietnam on August 25 announced it would keep benchmark interest rates unchanged for a tenth consecutive month in September to boost lending.

The base rate will stay at 8 percent from September 1, SBV said in its statement. The refinancing and discount rates will also be held at 8 percent and 6 percent respectively. The overnight lending rate in the interbank market and the lending gap in the clearing of the State Bank for banks will be at 8 percent.

By Bao Minh – Translated by Thuy Doan

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