Vietnam's central bank urges rate cuts by commercial banks

FILE PHOTO: Vietnam's commercial banks are required to lower their listed annual deposit rates for deposits with maturities of six months or longer by at least 0.5 percentage points, while reducing annual lending rates for production, business activities and priority sectors by 1.5 to 2 percentage points. - Vietnam News/ANN

HANOI: The State Bank of Vietnam has instructed commercial banks to cut deposit interest rates by at least 0.5 percentage points, local news outlet Dan Tri reported Sunday (Oct 18).

Under the directive, banks are required to lower their listed annual deposit rates for deposits with maturities of six months or longer by at least 0.5 percentage points, while reducing annual lending rates for production, business activities and priority sectors by 1.5 to 2 percentage points.

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资料图片：越南商业银行被要求将期限为六个月或以上的存款年利率下调至少0.5个百分点，同时将生产、商业活动和优先领域的贷款年利率下调1.5至2个百分点。——越南新闻/亚洲新闻网

河内：据当地新闻媒体《丹智报》周日（10月18日）报道，越南国家银行已指示商业银行将存款利率至少下调0.5个百分点。

根据该指令，银行必须将期限为六个月或更长的存款的年利率降低至少 0.5 个百分点，同时将生产、商业活动和优先领域的年贷款利率降低 1.5 至 2 个百分点。

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