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Vietnam - Vietnam watches international markets to ‘timely’ adjust rates

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Vietnam - Vietnam watches international markets to ‘timely’ adjust rates

Post  lexie on Sat Nov 26, 2011 8:46 am

November 26, 2011

Vietnam watches international markets to ‘timely’ adjust rates

Vietnam’s ministries are closely monitoring domestic and international markets to “timely” adjust interest rates, the country’s central bank Governor Nguyen Van Binh told lawmakers at the National Assembly in Hanoi Saturday.

Binh said inflation has been slowing since August, creating conditions for the State Bank of Vietnam to cut interest rates, helping companies to access funds.

Vietnam has room to cut policy rates and may lower the dong deposit rate cap if November’s monthly inflation rate is less than 1 percent, Binh told lawmakers Thursday.

November’s consumer prices rose 0.39 percent from October, according to data from the General Statistics Office released Friday.


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