Overnight interest rate in Vietnam's interbank market reaches a nine-month high of over 4%.
Overnight interest rate in Vietnam's interbank market has reached a nine-month high of over 4%, according to State Bank of Vietnam data. The rate increased nearly four times from 2.15% to 4.14% in one trading session, higher than the 2.38% peak during the Lunar New Year. The overnight term rate is currently higher than one-week to three-month terms and accounts for up to 90% of total transaction value in the interbank market.
February 25, 2024
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