Published Date: 04/06/2024
- Interbank rates surged to 4.9% then slid to 3.2% by end-May.
- Deposit interest rates have indicated a more distinct upward movement, and we anticipate a rise of 70-100bps in the latter part of 2024.
- We expect the pressure on VND to ease toward year-end following the State bank’s efforts and FED’s possibility of rate cuts.
