Macroeconomics: Policy rate cut to support economic growth
Topic · Credit Insights · 28/03/2023
Source: VIS Rating
Research Credit Insights Macroeconomics

Macroeconomics: Policy rate cut to support economic growth

Banks and borrowers will benefit from lower funding costs

KH
Ratings & Research Department
28/03/2023
PDF · 337 KB

On 14 March 2023, the State Bank of Vietnam (SBV) became the first central bank in Asia to cut policy interest rate this year, reversing its tightening monetary policy stance taken in 2022. This move was after the aggressive rate hikes by the US Federal Reserve (FED) and central banks globally to combat inflation and currency pressures.

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Contacts

Nguyễn Đình Duy, CFA

Nguyen Dinh Duy, CFA

Director - Senior Analyst
Nguyễn Lý Thanh Lương, CFA, ACCA

Nguyen Ly Thanh Luong, CFA, ACCA

Sector Lead Analyst
Nguyễn Đức Minh

Nguyen Duc Minh

Analyst

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