Low impact
Vietcombank, VietinBank and around 15 private Vietnamese banks simultaneously cut deposit interest rates by 0.5-0.7 percentage points for terms of 6 months or longer, following State Bank of Vietnam guidance to lower deposit rates.
CafeF10/20, 08:43 AM
- 0,5-0,7 điểm %/năm
- 6 tháng
Figures as quoted by CafeF
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
USD/VND
Would push up
DaysMedium confidence
Lower VND deposit rates reduce the yield appeal of holding dong, which can push USDVND higher.
What could change this
If capital inflows or central bank FX intervention offset the lower domestic deposit yields, the pressure on VND may ease.
USD/VND before and after this story
25,840.00-0.03%vs previous close
-0.20%
since this story
Measured from the price when this story was posted to the latest stored price, so it can lag the live price.
This story
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