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Overnight interest rates hit two-month high

Update: September, 27/2017 - 11:00
The overnight rate last week hit two-month high of 0.9 per cent, up 14 basis points from the previous week. — Photo VIB
Viet Nam News

HÀ NỘI — Overnight interest rates in the inter-bank market hit a two-month high but liquidity of the banking system remained stable, a report from SSI Retail Research showed.

According to the report, inter-bank rates last week increased for the past two consecutive weeks, pushing the overnight rate to hit two-month high of 0.9 per cent, up 14 basis points from the previous week. The one-week rate also inched up by six basis points to 1.05 per cent.  

In contrast, the rates for one-month and three-month loans last week inched down by 1 and 4 basis points, respectively.

However, the liquidity of the banking system last week remained good as the central bank still issued bills worth of VNĐ18.9 trillion (US$832.6 million) during the week to withdraw the money out of the system.

As for the bond market, SSI Retail Research’s report showed that the State Treasury last week held Government bond auctions for four tenors of 5-year, 7-year, 10-year, and 15 years. The bond offer of all tenors was worth VNĐ2.15 trillion.

The bid for the bonds was continuously increased, reaching nearly VNĐ7.39 trillion, up more than VNĐ1 trillion against the previous auction.

At the auctions, 5-year, 7-year and 10-year bonds worth nearly VNĐ1.17 trillion were successfully issued. — VNS

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