Vietnam central bank orders banks to cut deposit rates by 0.5pp and lending rates by 1.5-2pp

Vietnam's central bank (NHNN) has ordered banks to immediately cut deposit rates by at least 0.5 percentage points per year on tenors of six months or more, and to cut lending rates by 1.5-2 percentage points per year. Banks that fail to comply face having their credit room cut.

Detected & updated continuously · Source: Nebula