The State Bank of Vietnam increased its reverse repurchase interest rate by 100 basis points to 15.00% from 14.00% previously. The Bank left the refinance rate and discount rate unchanged at 14.00% and 13.00% respectively, after increasing the two interest rates 100bps in April. Vietnam reported annual inflation of 17.51% in April this year after prices rose 3.32% from March, driven up by strong credit growth and rising food and energy prices.
www.CentralBankNews.info
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