Central bank injects nearly $573mn to support liquidityState Bank of Viet Nam (SBV) made a net cash injection of VND13 trillion (US$572.9 million) into the economy in the past week to support the liquidity of commercial banks. The central bank made a net cash injection of VND13 trillion (US$572.9 million) into the economy in the past week. The past week also saw the inter-bank rates inch up by 0.1 - 0.22 percentage points, pushing the overnight rate to 1.57 per cent and the one-week rate to 1.65 per cent. Despite the hike, inter-bank rates were still low compared to the same period in previous years. For example, ahead of Tet last year, the inter-bank rates surpassed 2 per cent for overnight and one-week loans.


Source:   VietNamNet News
February 08, 2018 13:30 UTC