Vietnam Policy Rate Seen on Hold Through 2025 Amid Strong Growth
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Vietnam’s central bank, among the first in Asia to lower borrowing costs in 2023, will likely keep its benchmark interest rate steady through next year as it tackles economic growth and inflation concerns, according to analysts.
The refinancing rate, currently at 4.5%, is seen to stay on hold through 2025, in the backdrop of a rebound in gross domestic product growth backed by strong exports, the latest median estimates from a Bloomberg survey show. The rate was cut thrice between April and June last year to 4.5% from a peak of 6%.