HANOI (Reuters) – Vietnam’s central bank on Monday said it would raise its policy rates by 100 basis points, the second increase in a month, in an effort to head off inflation risks.
The refinancing rate will be raised to 6.0% and the discount rate to 4.5%, the State Bank of Vietnam (SBV) said in a statement. It also said it would raise the cap on dong deposit rates at commercial banks to 50 bps to 100 bps depending on maturities.
(Reporting by Phuong Nguyen and Khanh Vu; Editing by Martin Petty)
