Talk about "unexpected" rate hike. Still believe 2.what % inflation?
Vietnam Raises Its Benchmark Interest Rate to 12% (Update2)
May 17 (Bloomberg) -- Vietnam will raise its benchmark interest rate, lifting the maximum return that commercial banks can offer depositors to 18 percent a year, the Southeast Asian nation's central bank said.
The State Bank of Vietnam will increase the base rate to 12 percent from 8.75 percent on May 19, according to a statement released in Hanoi today. Under central bank regulations, banks cannot offer savers rates exceeding 150 percent of the base rate.
The right enemy
5 years ago