Vietnam will cut its key policy rates from tomorrow, as the
government tries to support businesses and bolster a struggling economy.
Stocks rose.
The discount rate will be cut to 4.5 percent from 5 percent, and
the repurchase rate will be lowered to 5 percent from 5.5 percent, the
central bank’s monetary policy head Nguyen Thi Hong said at a briefing
in Hanoi today. The refinancing rate will be reduced to 6.5 percent from
7 percent.