Inter-bank rate hits new record low of 0.5%

August 01, 2017 - 16:37

Inter-bank lending interest rates have continuously slipped to hit a new record low, according to the latest monetary report by Saigon Securities Incorporation’s (SSI) Retail Research.

The rates for overnight loans in the inter-bank market hits new record low of 0.5 per cent. - Photo cafef.vn

Viet Nam News

HÀ NỘI — Inter-bank lending interest rates have continuously slipped to hit a new record low, according to the latest monetary report by Saigon Securities Incorporation’s (SSI) Retail Research.

The rates for overnight loans in the inter-bank market on Friday declined to 0.5 per cent from 0.82 per cent on Monday, the lowest level since October last year.

The rates for one-week and one-month loans also dropped by 13 basis points to 1.14 and 2.29 per cent, respectively

Thanks to the good liquidity, the central bank last week issued bills worth more than VNĐ40 trillion (US$1.75 billion) with a yield of 0.3 per cent against 0.5 per cent in the previous week.

During the week, the central bank withdrew VNĐ2.5 trillion from the banking system. — VNS

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