(ĐN) - The State Bank of Vietnam (SBV) cut its policy rates from March 17 in an attempt to support the economy that has been hurt by the COVID-19 outbreak.
(ĐN) - The State Bank of Vietnam (SBV) cut its policy rates from March 17 in an attempt to support the economy that has been hurt by the COVID-19 outbreak.
Accordingly, the banks reduced the caps on the interest rate of Vietnamese Dong-denominated deposits and loans by 0.25 – 0.5 percentage points, depending on the maturities.
Earlier, the credit organizations have been also suggested to re-schedule debt payment deadlines for loans and cut interest rates for loans for customers.
Reported by H.Q
