Central bank cuts policy interest rates to spur growth

  • A counter at the National Citizen Bank (NCB). VNA Photo: Trần Việt
    A counter at the National Citizen Bank (NCB). VNA Photo: Trần Việt
  • Customers at the VPBank. VNA Photo: Trần Việt
    Customers at the VPBank. VNA Photo: Trần Việt
  • A counter at the National Citizen Bank (NCB). VNA Photo: Trần Việt
    A counter at the National Citizen Bank (NCB). VNA Photo: Trần Việt
The State Bank of Vietnam (SBV) announced it would reduce several policy interest rates from April 3, the second cut within one month, the regulator announced on its website March 31 night. "In order to extricate the obstacles for the economy, businesses and citizens, the SBV decided a further cut on the policy rate," it said in a website statement. The central bank said it decided to cut the rates “amid continued global economic uncertainties that led to the nation’s slowing economic growth in the first quarter while inflation is under control and banks have a surplus of liquidity,” according to the website statement. VNA Photo: Trần Việt

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