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Vietnam c.bank says to cut policy rates from Thursday to support growth

Vietnam c.bank says to cut policy rates from Thursday to support growth

Wednesday, September 30, 2020, 19:29 GMT+7
Vietnam c.bank says to cut policy rates from Thursday to support growth
Men ride motorcycles past the State Bank of Vietnam building in Hanoi June 11, 2013. Photo: Reuters

HANOI -- The State Bank of Vietnam said on Wednesday it will cut a number of policy rates from Thursday to boost the Southeast Asian country’s economy.

The refinancing rate will be cut to 4.0% from 4.5% and the discount rate to 2.5% from 3.0%, effective Thursday, the central bank said in a statement.

Reuters

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