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lower interest rates
News update related to interest rate reduction
Reducing operating interest rates: Basis for banks to lower deposit and lending interest rates
For the fourth time since the beginning of the year, the State Bank of Vietnam (SBV) has lowered its operating interest rate, which is expected to stimulate the weak capital absorption capacity of businesses and the economy.
Economy
Banks agree to lower deposit interest rates, reduce loan interest rates
(Baonghean.vn) - Currently, a series of banks in Nghe An have lowered interest rates for many terms, bringing the highest listed interest rate to 8.5%/year. Along with reducing deposit interest rates, lending interest rates...
State Bank continues to lower interest rates from May 25
The State Bank has just announced two decisions on interest rate management effective from May 25, 2023.
Banks lower savings interest rates to below 9%/year
After the State Bank reduced operating interest rates since March 15, a new lower deposit interest rate level has been formed among commercial banks.
Home loan interest rates are at their lowest level in years.
While many banks have reduced their interest rates, some banks have increased their home loan interest rates. Currently, the lowest preferential interest rate for home loans is 5.99%/year and the highest is 9.5%/year.
Savings interest rate ceiling reduced again
The State Bank has just cut its operating interest rate for the fourth time this year, including reducing the ceiling interest rate on short-term deposits to 4%/year.
Savings interest rates are about to continue to decrease.
After the interest rate cut in mid-August, some banks have now reduced it further, with some paying interest below 3% for a 1-month term.
Savings interest rates continue to fall
March 18, 2020 06:53
Four months ago, customers who deposited savings for 1 month to less than 6 months could enjoy interest rates of up to 5.5%, now they only get paid 3.95 - 4.75%.
Prosecution of 60-year-old woman lending at interest rates of 144%/year
February 12, 2020 10:14
(Baonghean.vn) - The 60-year-old woman prosecuted by the Nam Dan District Police, Nghe An Province for loan sharking with interest rates of 144%/year is Phan Thi Ha.
A series of banks lower savings interest rates
April 10, 2018 19:50
Liquidity is abundant, capital mobilization is growing positively while credit shows signs of slowing down; banks are applying new interest rates one after another, thereby reducing about 0.2-0.4 percentage points...
Lending rates will remain stable
October 4, 2016 08:39
4 big banks suddenly simultaneously lowered their deposit interest rates by 0.3-0.5%. Many businesses expect that after the move of these big banks, many small banks will follow suit...
New Zealand cuts interest rates for the fifth time since June 2015
March 10, 2016 18:34
(Baonghean.vn) - In a stunning move, the Reserve Bank of New Zealand (RBNZ) has cut its lending rate for the fifth time since June last year, to a record low of 2.25%.
Russia unexpectedly lowers interest rates, Ruble depreciates sharply again
January 31, 2015 09:57
The Russian Central Bank yesterday (January 30) unexpectedly cut the basic interest rate on the ruble amid growing concerns about the risk of recession in the country due to sharp drops in oil prices and sanctions...
Lowering interest rates is not the only tool to stimulate credit.
November 3, 2014 06:56
Lowering interest rates is not the only tool to increase credit growth. And credit growth as targeted at 12-14% is not as important as achieving quality and substance...
Lowering deposit and lending interest rates: Stimulating investment in production and business
October 30, 2014 09:42
(Baonghean) - The State Bank of Vietnam (SBV) has just announced its decision to lower the ceiling on deposit interest rates from October 29. This is the second time this year that SBV has adjusted deposit interest rates down to...
Lowering deposit interest rates to stimulate credit demand
March 26, 2013 10:00
Along with the downward price trend (CPI index in Nghe An decreased by 0.06% compared to last month), currently, several large banks in our province have shown signs of lowering interest rates...
Banks begin to lower interest rates on old loans
July 12, 2012 07:01
Yesterday (July 11), many commercial banks announced to reduce interest rates on old loans according to the request of the Governor of the State Bank. As of July 11, there were Banks: Foreign...
Lower interest rates on old loans to below 15%
July 8, 2012 17:01
From July 15, commercial banks must consider reducing lending rates for old loans, according to instructions...
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