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Tiêu đề:
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Asia Policy Watch - Vietnam’s central bank hiked the benchmark interest rate, devalued the official exchange rate and narrowed the daily currency trading band
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Loại báo cáo:
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Kinh tế vĩ mô
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Nguồn:
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Goldman Sachs Group Inc.,
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Chi tiết:
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Ngày:
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25/11/2009
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Số trang:
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3
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Ngôn ngữ:
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Tiếng Anh
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Dạng tệp:
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Quy mô:
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45 Kb
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Tóm tắt:
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We believe the rate hike by the SBV is a necessary move to help contain the emerging overheating and inflationary risks in the economy. While we still hear ministries continue to debate over whether the growth recovery is sustainable or not, this gesture by the central bank confirms that policymakers in Vietnam are 1) vigilant about such risks and 2) determined to keep policies close to the curve. In addition, raising the VND interest rate also helps increase the attractiveness of the local currency to help stabilize the exchange rate.
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