Vietnam central bank to cut policy rates from Thursday (May 25)

HANOI, May 23 (Reuters): Vietnam's central bank will cut its refinance rate by 50 basis points to 5.0%, effective from Thursday, the government said on Tuesday.

The central bank, formally known as the State Bank of Vietnam (SBV), will also cut overnight electronic interbank rate to 5.5% from 6.0%, while keeping the key discount rate unchanged at 3.5%, according to a statement published on the online government portal.