Economics
Vietnam to Lower Key Policy Rates to Support Economic Growth
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Vietnam will cut its key policy rates from tomorrow, as the government tries to support businesses and bolster a struggling economy. Stocks rose.
The discount rate will be cut to 4.5 percent from 5 percent, and the repurchase rate will be lowered to 5 percent from 5.5 percent, the central bank’s monetary policy head Nguyen Thi Hong said at a briefing in Hanoi today. The refinancing rate will be reduced to 6.5 percent from 7 percent.