Decision 2646/QD-NHNN on reducing operating interest rates
State Bank of Vietnam (SBV) has announced to reduce 1% operating intertest rate.
Since December 24th, the refinancing rate felt from 10% / year to 9% / year; re-discounted rate decreased from 8% / year to 7% / year.
Interest rate for overnight loans in the inter-bank online payment, lending and capital gap in the clearing of the SBV to the banks reduced from 11% / year to 10% / year.
This has been updated in the Decision 2646/QD-NHNN on December 21st 2012, replacing Decision No. 1289/QD-NHNN on June 29th 2012.
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