Please visit our sponsors

Rolclub does not endorse ads. Please see our disclaimer.
Results 1 to 3 of 3

Hybrid View

Previous Post Previous Post   Next Post Next Post
  1. #1
    Senior Member
    Join Date
    Jan 2008
    Posts
    299
    Feedback Score
    0
    Thanks
    0
    Thanked 139 Times in 99 Posts

    Default VietNam Raises Key Rate to 14% to Rein in Inflation

    Viet Nam increased the benchmark interest rate for a third time this year to rein in the fastest inflation since at least 1992 and shore up confidence in the currency and stock markets.

    The State Bank of Viet Nam raised the base rate to 14% from 12% to stabilize the economy, according to a statement on the central bank's Web site. The Southeast Asian nation also increased the refinancing rate to 15% from 13% and the discount rate to 13% from 11%. The new rates are effective from tomorrow...
    Full story: Vietnam Stock Market News: Viet Nam Raises Key Rate to 14% to Rein in Inflation

  2. The Following User Says Thank You to tungsteng For This Useful Post:


  3. Sponsored Links
  4. #2
    Senior Member
    Join Date
    Jan 2008
    Posts
    299
    Feedback Score
    0
    Thanks
    0
    Thanked 139 Times in 99 Posts

    Default

    Bonds Rise; Central Bank Raises Rates to Slow Inflation

    Bonds rose for a second day on speculation inflation will slow as the central bank increased interest rates to 14% today.

    Yields are near the highest since at least July 2006 after the Southeast Asian country posted inflation at the fastest in 16 years. The Vietnamese central bank today announced to increase the benchmark interest rate to 14%, from 12%, according to a statement posted on its Web site.

    ``This is a good news for the market,'' said Dam Bich Thuy, chief ****utive officer of Australia & New Zealand Banking Group Ltd.'s Vietnam unit in Hanoi. ``The move showed that the government is taking action to address investors' concerns.''...
    Full story: Vietnam Stock Market News: Bonds Rise; Central Bank Raises Rates to Slow Inflation

  5. The Following User Says Thank You to tungsteng For This Useful Post:


  6. #3
    Senior Member
    Join Date
    Jan 2008
    Posts
    299
    Feedback Score
    0
    Thanks
    0
    Thanked 139 Times in 99 Posts

    Default

    Viet Nam Raises Interest Rate to Highest in Asia, Lets Dong Fall

    Viet Nam increased the benchmark interest rate to the highest in Asia to cool the quickest inflation since at least 1992, and will allow the dong to weaken...
    Vietnam Business Finance: Viet Nam Raises Interest Rate to Highest in Asia, Lets Dong Fall

  7. The Following User Says Thank You to tungsteng For This Useful Post:


Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Share |