SBV continues to cut key interest rates to support businesses
(VOVWORLD) - Deputy Governor of the State Bank of Viet Nam (SBV), Dao Minh Tu said the SBV would continue to flexibly implement its monetary policy to control inflation, stabilize the currency value, and assure the balance between the exchange and interest rates.
 Deputy Governor of the State Bank of Viet Nam (SBV) Dao Minh Tu says the SBV will request commercial banks to lower the key interest rates to enable businesses and people to access loans. (Photo: VGP/ Nhat Bac) |
At the government’s April meeting on Friday, Mr. Tu said in the coming time, the SBV would reduce the interest rates based on the domestic and international economic situation and adopt specific regulations for commercial banks.
Mr. Tu said: “Our main goal in the coming time is to implement a flexible monetary policy to control inflation, stabilize the currency value, and ensure the balance between exchange rates and interest rates. The SBV will request commercial banks to lower the key interest rates to enable businesses and people to access loans.”
At a press conference, Deputy Minister of Finance Nguyen Duc Chi said ministries and sectors will soon make proposals to the government on measures to deal with the global minimum tax, protect Vietnam’s finance, and assure a favorable business environment to attract foreign investors.