Benchmark interest rate remains at 8%
11:41 | 25/02/2010
VGP – The State Bank of Việt Nam (SBV) has just announced to maintain the benchmark interest rate in Vietnamese currency at 8% per year. The rate is applied in March, the fourth successive months.

Illustration photo
The SBV Governor’s Decision 353/QĐ-NHNN, signed on February 25, will come into force since March 1 on.

The newly-issued document replaces Decision 134/QĐ-NHNN dated on January 25 by the SBV Governor.

The SBV pledged to make sound decisions which are all based on market changes.

The CPI increase of 1.96% in February is not so severe that any adjustment should be made in monetary policies, said the Bank.

By Phương Hạnh
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Source: kttvqg.gov.vn & weather.com