Central Bank Net Injects VND18.171 Trl via OMO in Oct 17-21

by lexie Tue Oct 25, 2011 6:35 pm

October 25, 2011

Central Bank Net Injects VND18.171 Trl via OMO in Oct 17-21

The State Bank of Vietnam, the country’s central bank, net injected VND18.171 trillion into commercial banks through the open market operations from Oct 17 to Oct 21, compared to VND16 trillion in the previous week.

In the week ending Oct 21, the central bank pumped VND32.171 trillion and withdrew VND14 trillion. The net injection was for 14-day window, 14% interest rate per annum.

The SBV organized two OMO sessions since Oct 19, of which the morning and afternoon sessions were for 14-day and 7-day windows, respectively. The state agency net pumped VND21 trillion MTD to support liquidity in the local banking system.

Interest rates in the interbank market on Oct 21 were reported to fall to 14-15% for overnight, 17-18% for 1-week and 21% for 1-month terms, easing from Oct 17’s levels.

http://www.vietfinancenews.com/2011/10/central-bank-net-injects-vnd18171-trl.html#more