Low impact
Vietnam's central bank ordered banks to cut listed deposit interest rates by at least 0.5 percentage points per year for terms of 6 months or longer, starting the afternoon of October 19, while banning competitive rate hikes.
CafeF10/19, 03:45 PM
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
USD/VND
Pushes up
WeeksMedium confidence
Mandated deposit rate cuts lower VND's yield appeal, easing demand for VND savings
What could change this
If strong trade surpluses or capital inflows continue to support VND, the pressure from lower deposit rates could be offset.
USD/VND before and after this story
25,840.00-0.03%vs previous close
-0.19%
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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