HANOI (Xinhua): The State Bank of Vietnam would likely to cut its policy rates further to support economic growth which grew 3.32 per cent in the first quarter this year, the second slowest rate of quarter expansion since 2011, local newspaper Vietnam News reported on Friday (March 31).
The central bank mulls another round of rate cuts which is expected to encourage local banks to lower lending rates and offer more loans to businesses, Deputy Governor of the State Bank of Vietnam Dao Minh Tu said on Thursday, affirming abundant liquidity in the banking system.
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