Vietnam is following a skeptical interest rate policy, with few and minor adjustments.
More central banks have cut prime interest rates in a trend of loosening monetary policies worldwide. The Australian central bank has for the second time in the last month slashed the interest rate. And the Indian central bank has eased the interest rates for the third time this year.
|The central banks of Japan, the UK and the EU have not made adjustments, but are showing signs of considering and getting ready to ease interest rates to maintain the economic growth, especially after the US FED decided to maintain interest rate in the June meeting.|
The monetary loosening was a big surprise to many analysts. Prior to that, in 2018, many monetary policy operators raised the interest rates.
How about Vietnam?
Soon after the US announced a 0.25 % cut in the benchmark interest rate on July 31 seven Vietnamese banks, including State-owned lenders, announced a cut in interest rates on dong loans of at least 0.5 % to firms in the Government’s priority sectors.
Bond issuance is becoming an ideal channel for real estate firms to raise capital as credit policies for property development are gradually being tightened, experts said.
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