Tags: omo

OMO rates cut to support growth

OMO rates cut to support growth

The State Bank of Vietnam (SBV) late last week announced its first interest rate cut in the open market operation (OMO) in the past five years.

Money market changes course unexpectedly

Money market changes course unexpectedly

The money market has been seeing unexpected happenings in the last two weeks. Until two weeks ago, the liquidity of the banking system had been in a state of tension because lending was higher than mobilized capital.

Interest rate under pressure to stay steady

Interest rate under pressure to stay steady

The State Bank of Vietnam has targeted keeping interest rate stable in 2017, however, the market’s developments in the first half of January 2017 show that lending rates are suffering from many pressures.

Inter-bank rates hit record low

Inter-bank rates hit record low

Following the continuous decline over the past weeks, inter-bank rates across all tenors hit a record low, staying at below 1% per year.

Lending picks up, HSBC says

Lending picks up, HSBC says

Lending by banks has been accelerating, growing at 18.2% in the year-to-date compared to the same period last year, according to HSBC's monthly report Vietnam at a Glance released on October 2.

Banks cut rates on the back of low CPI

Banks cut rates on the back of low CPI

Deposit interest rates are set to fall across the board for the local banking sector, including a prediction that there should be a cut in a open-market operations interest rates to at least 4.5 % a year by the end of 2015.

GDP grows significantly: HSBC

GDP grows significantly: HSBC

(VOV) - Vietnam’s GPD will continue to grow despite low credit growth, according to recent HSBC’s report on Vietnam at a glance.

February inflation strikes historic five year low

February inflation strikes historic five year low

(VOV) -The February consumer price index (CPI) slowed to a five-year low following the Lunar New Year, which historically has driven prices up, reports Hong Kong and Shanghai Banking Corporation (HSBC).