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Central Bank Net Withdraws VND7.166 Trl via OMO in Oct 24-26 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Central Bank Net Withdraws VND7.166 Trl via OMO in Oct 24-26

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Central Bank Net Withdraws VND7.166 Trl via OMO in Oct 24-26 Empty Central Bank Net Withdraws VND7.166 Trl via OMO in Oct 24-26

Post by lexie Thu Oct 27, 2011 5:16 pm

October 27, 2011

Central Bank Net Withdraws VND7.166 Trl via OMO in Oct 24-26

The State Bank of Vietnam, the country’s central bank net withdrew VND7.166 trillion on OMO from Oct 24 to Oct 26, in which it pumped VND7.212 trillion and withdrew VND14.378 trillion.


The central bank continued to open two OMO sessions, of which the morning and afternoon sessions were for 14-day and 7-day windows, respectively.


The interbank cooled down with interest rates as of Oct 26 falling to 13-14% p.a. for overnight, 15% for 1-week and 19% for 1-month terms, NDHMoney reported.


The net withdrawal on OMO and the interbank rate ease came after the State Bank offered conditional refinancing loans to 5-6 banks with VND1-5 trillion each to support liquidity to local banks.


Last week, the central bank net injected VND18 trillion.


http://www.vietfinancenews.com/2011/10/central-bank-net-withdraws-vnd7166-trl.html


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