Vietnam begins to tighten monetary policyVietNamNet Bridge - In the context of pressure on inflation and exchange rate, macroeconomic stabilization must be the top priority, experts say. Increasing the required compulsory reserve ratio has also been mentioned recently as an effective long-term solution to tighten monetary policy. In late 2015, an HSBC report said Vietnam should tighten the monetary policy in 2016 after a period of loosening the policy to pave the way for a high credit growth rate. Most recently, Fitch Ratings urged Vietnam to tighten monetary policy to ensure macroeconomic stabilization. RELATED NEWSVietnam advised to tighten monetary policiesFlexible monetary policies facilitate economic growthThanh Lich

Source: VietNamNet News July 27, 2018 05:03 UTC