US dollar deposit rate could slip for US FED's interest rate cut

US dollar deposit rates at domestic banks recently were continuously reduced after the US Federal Reserve Department (FED) cut the basic interest rate of US dollar for the third time of 2007. However, that is not the final stop of foreign currency deposit rates to counter with US Federal Reserve's interest rate cuts.
Due to the move that US FED lately reduced the basic interest rate of US dollar down to 3.5%, domestic commercial joint stock banks said they could reduce US dollar deposit rate following US Federal Reserve instead of maintaining...
Full story: Vietnam Business Finance: US dollar deposit rate could slip for US FED's interest rate cut