Dinar Daily
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Get Daily Updates of the NEWS & GURUS in your EMAIL
CHECK YOUR EMAIL for VERIFICATION

Enter your email address:

Vietnam Should Relax Monetary Policies Gradually In 2012: ANZ   DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Vietnam Should Relax Monetary Policies Gradually In 2012: ANZ

Post new topic   Reply to topic

Go down

Vietnam Should Relax Monetary Policies Gradually In 2012: ANZ   Empty Vietnam Should Relax Monetary Policies Gradually In 2012: ANZ

Post by lexie Tue Jan 17, 2012 4:20 pm

January 17, 2012

Vietnam Should Relax Monetary Policies Gradually In 2012: ANZ

The State Bank of Vietnam (SBV) should gradually loosen monetary policies in 2012, ANZ Bank suggested, adding that that the main objective is to control inflation below 10% and achieve real GDP growth rate of 6-6.5%.

According to quarterly Vietnam Economic Development Report of ANZ, in the fourth quarter of 2011, Vietnam’s GDP grew by 6.1% on quarter, resulting in 2011 full-year GDP growth rate of 5.9%, lower than 6.8% in 2010. “The local economy shows signs of slowing down, and we [ANZ] think that Vietnam has avoided overheated growth”, the report said.


According to ANZ, thanks to narrowed trade deficit and improved balance of payment (BoP), the dollar exchange rates were somewhat stable in Q2 and Q3/2011. However, the domestic currency, the dong, continued to face downward pressure in the fourth quarter.


Tight fiscal policies of the government have helped to cut budget deficit to below 5% GDP and to control inflation. In 2012, the country targeted budget deficit to be VND140.2 trillion, lower than 5% of projected GDP.


Real interest rates were less negative from last September due to easing inflation, ANZ’s report said, yet warning that it was too early to loosen monetary policies immediately.



http://www.vietfinancenews.com/2012/01/vietnam-should-relax-monetary-policies.html#more



*****************
"WHEN THE POWER OF LOVE OVERCOMES THE LOVE OF POWER, THE WORLD WILL KNOW PEACE"
lexie
lexie
Elite Member
Elite Member

Posts : 1812
Join date : 2011-06-24

View user profile

Back to top Go down

Back to top

- Similar topics

 
Permissions in this forum:
You can reply to topics in this forum