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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 are also being adjusted down...
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 lowered its operating interest rate for the fourth time this year, including reducing the ceiling on short-term deposit interest rates 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
DNUM_BIZADZCACA 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%.
Prosecuted 60-year-old woman lending at interest rates of 144%/year
DNUM_BCZACZCACA 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
DNUM_BAZAEZCABI 19:50
Liquidity is abundant, capital mobilization is growing positively while credit shows signs of slowing down; banks are applying new interest rates, thereby reducing about 0.2-0.4 percentage points compared to the time after Tet.
Lending rates will remain stable
DNUM_AEZBAZCABG 08:39
Four major banks have unexpectedly lowered their deposit interest rates by 0.3-0.5%. Many businesses expect that following the move by these major banks, many smaller banks will follow suit and lower their deposit interest rates to reduce lending rates at the end of the year.
New Zealand cuts interest rates for 5th time since June 2015
DNUM_BAZADZCABG 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
DNUM_DBZABZCABF 09:57
The Russian Central Bank unexpectedly cut its key interest rate on the ruble yesterday (January 30) amid concerns about the risk of recession in the country due to falling oil prices and Western sanctions imposed on Russia related to the crisis in Ukraine.
Lowering interest rates is not the only tool to stimulate credit.
DNUM_ADZBBZCABE 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 the quality and substance of credit.
Lowering deposit and lending interest rates: Stimulating investment in production and business
DNUM_DAZBAZCABE 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 the SBV has adjusted deposit interest rates down to reduce lending interest rates, remove difficulties for businesses and balance supply and demand in the capital market.
Lowering deposit interest rates to stimulate credit demand
DNUM_CGZADZCABD 10:00
Along with the downward price trend (CPI in Nghe An decreased by 0.06% compared to the previous month), currently, several large banks in the province have shown signs of lowering deposit interest rates. This is also the basis for lowering lending interest rates, bringing capital into the economy, stimulating credit demand which is facing many difficulties.
Banks begin to lower interest rates on old loans
DNUM_BCZAHZCABC 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. By July 11, the following banks: Vietnam Foreign Trade Bank (Vietcombank), Vietnam Industry and Trade Bank (VietinBank), Saigon - Hanoi Bank (SHB) announced to implement the plan to adjust interest rates on old loans.
Lower interest rates on old loans to below 15%
DNUM_AIZAHZCABC 17:01
From July 15, commercial banks must consider reducing lending rates for old loans, according to the direction...
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