In response to Prime Minister Le Minh Hung’s call for closer coordination between fiscal policy and flexible monetary policy on Thursday, the State Bank has moved to channel credit toward key growth drivers to support economic growth.
Immediately after the meeting with the Prime Minister, the banking sector moved to implement necessary measures, Deputy Governor of the State Bank Pham Quang Dung said.
“Credit institutions and commercial banks quickly launched new lending packages with significantly lower interest rates, targeting priority and key growth sectors. We will increase liquidity support for credit institutions through a range of instruments, helping banks access lower-cost funding and reduce lending rates,” he said.
