Vietnam's central bank to cut policy rates further from Thursday
HANOI, May 23 (Xinhua) -- The State Bank of Vietnam will cut the refinancing rate by 50 basis points to 5 percent from May 25 in the latest move to support economic growth, Vietnam News Agency reported on Tuesday.
The central bank will also cut overnight electronic interbank rate to 5.5 percent from 6 percent, while the discount rate will be kept unchanged at 3.5 percent, said the report.
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