According to the Decision, the adjustment to interest rates of the State Bank of Vietnam is as follows:
- Refinancing rate: 5,0%/year;
- Rediscount rate: 3,5%/year;
- Overnight rate for inter-bank electronic payment and interest rate for loans for covering the capital shortfall regarding clearing of the State Bank of Vietnam for credit institutions and branches of foreign banks: 6,0%/year.
Compared to Decision No. 1728/QD-NHNN dated September 30, 2020, the mentioned interest rates have increased by 1,0%/year.
Decision No. 1606/QD-NHNN comes into force as of September 23, 2022 and replaces Decision No. 1728/QD-NHNN 2020.
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