Adopting the right approach to monetary policy

Since Covid-19 first broke out, central banks around the world have loosened monetary policies to support economic recovery. Changes are now being made, however, to deal with rising prices and inflation. In Vietnam, meanwhile, the CPI is still low and it will be difficult to reach GDP growth targets, so it is likely that the State Bank of Vietnam will maintain its loosened monetary policy as it is effective in supporting economic recovery and has not caused any significant concerns about inflation.