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  - WN.COM - Environment - 06/Aug 03:05

SBV pushes rate cuts to support economic growth

At a conference held on Monday in Hà Nội, SBV Deputy Governor Phạm Thanh Hà said that stabilising deposit rates and reducing lending rates are key tools to promote economic recovery and maintain macroeconomic stability. HÀ NỘI — The State Bank of Vietnam (SBV) has urged commercial and foreign banks to make further efforts to stabilise deposit rates and slash lending rates in a move to bolster credit access and realise the Government’s economic growth target of 8 per cent this year. At a conference held on Monday in Hà Nội, SBV Deputy Governor Phạm Thanh Hà said that stabilising deposit rates and reducing lending rates are key tools to promote economic recovery and maintain...

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