interest rate ceiling

Updated news related to interest rate ceiling

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...

Economy

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 rate ceiling reduced to 5%

From today (November 19), banks are not allowed to mobilize short-term deposits with interest rates above 5%.

Reduced lending interest rate ceiling from July 10

RELATED NEWSSetting interest rate for social housing loans at 4.8%/yearLoan interest rate is gradually decreasingIncreasing lending resources for policy beneficiaries in Nghe AnInterest-free loan of 100 million VND for youth startup ideasNghe An: Nearly 58,000 billion VND for loans for agricultural and rural development
Consumer loan interest rate will be according to agreement?

The State Bank recently issued a draft circular guiding consumer loans of finance companies, with many regulations to protect consumer rights and ensure healthy and sustainable development for this activity.
It's time to remove the ceiling on deposit interest rates.

Low inflation, abundant system liquidity while interest rates on deposits with terms of less than 6 months are far below the prescribed ceiling... are the conditions for experts to consider removing the ceiling.
Deputy Prime Minister requests consideration of removing interest rate ceiling

Deputy Prime Minister Vuong Dinh Hue, Chairman of the National Financial and Monetary Policy Advisory Council, noted that ministries and branches should study removing the ceiling on 6-month mobilization interest rates, based on recommendations from members of the Advisory Council.

Require credit institutions to rectify the situation of "circumventing the ceiling" on deposit interest rates
January 23, 2016 06:58

The Governor of the State Bank (SBV) has just issued a document requesting credit institutions (CIs) to rectify the implementation of mobilization interest rates.
State Bank: Will not lower the ceiling on deposit interest rates
August 29, 2014 21:31

At a regular press conference on the afternoon of August 29 in Hanoi, Deputy Governor of the State Bank Nguyen Thi Hong said that credit as of August 21 increased by 4.33% and could increase by 10% this year. Regarding interest rates, the State Bank affirmed that it will continue to manage interest rates based on macroeconomic developments and inflation.
Savings interest rate ceiling reduced to 7%
June 27, 2013 20:10

The State Bank also reduced the highest USD deposit interest rate from 2% to 1.25% per year and will remove...
The ceiling on deposit interest rates may be lifted soon.
May 28, 2013 19:16

15 banks reduced deposit interest rates even though the interest rate ceiling is still 7.5% according to the National Financial Supervisory Commission,...
Anticipate the trend of lowering the ceiling on deposit interest rates?
December 12, 2012 16:43
Lowering the ceiling interest rate on VND deposits to 9%/year from June 11
June 7, 2012 17:11
Officially lowered the ceiling interest rate to 11%/year from May 28
May 27, 2012 15:41

The State Bank also reduced the refinancing interest rate from 13%/year to 12%/year, the interbank electronic payment loan interest rate from 14%/year...
Applying a 15%/year loan interest rate cap to 4 sectors
May 10, 2012 15:59

(Baonghean) - From May 8, 2012, the ceiling interest rate for short-term loans in VND is only allowed to be equal to the maximum interest rate for deposits in VND with terms of 01 month or more as prescribed by the State Bank (SBV) plus 3%/year; this is a new policy just prescribed by the SBV in Circular No. 14/2012/TT-NHNN issued on May 4, 2012.
Tomorrow the ceiling interest rate will be 13%.
March 12, 2012 17:04

From March 13, the ceiling interest rate for deposits was adjusted to 13% per year for terms of 1 month or more and 5%...
Exceeding the interest rate ceiling: Depositors are also punished
January 12, 2012 18:16

If a credit institution violates the interest rate ceiling, if people participate, they are also accomplices, and according to the law, accomplices must also be punished.

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