13:22 11/08/2021

SBV Deputy Governor: Now not the time for further cuts to operating interest rates

The State Bank of Vietnam cut operating interest rates three times last year, but according to Deputy Governor Dao Minh Tu, now is not the right time to make further cuts. The reason is that the central bank is already implementing a range of synchronous solutions, such as lowering interest rates and structuring loans.

Mr. Dao Minh Tu, Deputy Governor of the State Bank of Vietnam.
Mr. Dao Minh Tu, Deputy Governor of the State Bank of Vietnam.