Central Bank maintains prime rate at 7 pct

The prime rate will remain unchanged at 7 percent, the State Bank of Vietnam has announced.

At an Orient Commercial Bank branch in HCMC (Photo: SGGP)

Also from October 1, its refinance and rediscount rates for credit organizations will remain unchanged at 7 percent and 5 percent respectively.

The overnight lending rate for inter-bank electronic payments will remain at 7 percent a year. 

Meanwhile, some banks said exporters have been selling an increasing quantity of foreign currency, helping restore the balance between supply and demand.

By Nguyen Quan – Translated by Hoang Yen

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