HÀ NỘI - Interest rates for mobilisation at banks have reached historically low levels. However, it is premature to anticipate a significant influx of capital from banks into the securities market at this time. Hoàng believes that low interest rates need to be maintained for a longer period to observe a substantial capital flow shift to the stock market. While savings interest rates have dropped, allowing for reduced lending rates, credit growth has been slow due to challenging global and domestic macroeconomic conditions. Nhân emphasises that for industry-wide credit growth to accelerate, it will take time for government support policies to penetrate the economy.
Source: Viet Nam News November 28, 2023 02:46 UTC